Hilton Worldwide Holdings Inc (HLT)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 593,000 | 544,000 | 593,000 | 941,000 | 787,000 |
| Inventory | US$ in thousands | 206,000 | 182,000 | 174,000 | 115,000 | 222,000 |
| Inventory turnover | 2.88 | 2.99 | 3.41 | 8.18 | 3.55 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $593,000K ÷ $206,000K
= 2.88
To calculate Hilton Worldwide Holdings Inc's inventory turnover, we need the relevant data for cost of goods sold (COGS) and average inventory for each of the years provided in the table. Inventory turnover is a key financial ratio that measures how efficiently a company is managing its inventory levels. A higher inventory turnover ratio indicates better inventory management.
Without the specific numbers for COGS and average inventory for each year, it is not possible to calculate the inventory turnover. However, management and investors closely monitor this ratio to assess the company's ability to convert inventory into sales. A declining inventory turnover over time could indicate excess inventory levels, slow-moving inventory, or inefficient inventory management practices.
Given the lack of specific data in the table, further analysis and comparison with industry benchmarks would be necessary to provide a more detailed assessment of Hilton Worldwide Holdings Inc's inventory turnover performance.
Peer comparison
Dec 31, 2023