Interpublic Group of Companies Inc (IPG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,872,000 | 9,075,100 | 9,083,100 | 8,387,800 | 7,709,400 |
| Inventory | US$ in thousands | — | 2,952,400 | 5,900 | 8,200 | 800 |
| Inventory turnover | — | 3.07 | 1,539.51 | 1,022.90 | 9,636.75 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,872,000K ÷ $—K
= —
The inventory turnover for Interpublic Group of Companies Inc has shown varying trends over the last five years. In December 2020, the inventory turnover was notably high at 9,636.75, indicating that the company was able to sell through its inventory multiple times within the year. However, there was a significant drop in inventory turnover by December 2021 to 1,022.90, suggesting a slower rate of inventory turnover.
By December 2022, the inventory turnover improved to 1,539.51, indicating that the company's inventory was being sold more efficiently compared to the previous year. The trend changed again by December 2023 when the inventory turnover dropped significantly to 3.07, reflecting a potential challenge in managing or selling through the inventory.
It is important to note that there is no data available for December 2024, as denoted by "—". Overall, analyzing the inventory turnover trend can provide insights into the company's inventory management efficiency and sales performance over the years.
Peer comparison
Dec 31, 2024