Kellanova (K)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,839,000 | 8,842,000 | 12,456,000 | 9,043,000 | 9,197,000 |
| Inventory | US$ in thousands | 1,243,000 | 1,339,000 | 1,398,000 | 1,284,000 | 1,226,000 |
| Inventory turnover | 7.11 | 6.60 | 8.91 | 7.04 | 7.50 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,839,000K ÷ $1,243,000K
= 7.11
The inventory turnover ratio for Kellanova has fluctuated over the past five years, ranging from 6.60 to 8.91. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more quickly, which can be a positive sign of operational efficiency.
In 2022 and 2020, Kellanova had moderate inventory turnover ratios of 6.60 and 7.04, respectively. This suggests that the company took slightly longer to sell its inventory during those years.
On the other hand, in 2021 and 2019, Kellanova achieved higher inventory turnover ratios of 8.91 and 7.50, respectively. This indicates that the company was able to sell its inventory at a faster rate during those years.
Overall, Kellanova's inventory turnover performance has shown variability, with no clear trend over the five-year period. It is important for the company to continue monitoring and managing its inventory effectively to ensure optimal utilization of resources and maximize profitability.
Peer comparison
Dec 31, 2023