JBTMarel Corp (JBTM)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,089,500 | 1,078,700 | 1,060,900 | 918,700 | 1,194,100 |
| Inventory | US$ in thousands | 233,100 | 238,900 | 264,000 | 229,100 | 197,300 |
| Inventory turnover | 4.67 | 4.52 | 4.02 | 4.01 | 6.05 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,089,500K ÷ $233,100K
= 4.67
The inventory turnover ratios for JBTMarel Corp over the specified periods demonstrate notable trends in inventory management efficiency. As of December 31, 2020, the ratio stood at 6.05, indicating that inventory was sold and replaced approximately six times within that fiscal year. This figure decreased substantially in 2021 to 4.01, reflecting a slowdown in inventory turnover, which may suggest either increased inventory levels, reduced sales activity, or a shift toward higher inventory holdings relative to sales.
In 2022, the ratio stabilized at 4.02, maintaining a similar level to the previous year. This stability suggests that the company's inventory management found a relatively steady state during this period. Moving into 2023, the ratio slightly increased to 4.52, indicating an improvement in inventory turnover and implying either enhanced sales efficiency, better inventory management, or reductions in excess stock.
The trend continued into 2024, with the inventory turnover ratio rising marginally again to 4.67. This incremental increase suggests ongoing optimization of inventory management practices, resulting in more frequent inventory replenishments relative to the average inventory held. Overall, the ratios depict a decline from the 2020 peak, followed by stabilization and gradual improvement in subsequent years, reflecting possible strategic adjustments in inventory control or shifts in sales dynamics.
Peer comparison
Dec 31, 2024