Kellanova (K)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,204,000 | 8,839,000 | 8,842,000 | 7,929,000 | 9,043,000 |
| Inventory | US$ in thousands | 1,165,000 | 1,243,000 | 1,339,000 | 1,398,000 | 1,284,000 |
| Inventory turnover | 7.04 | 7.11 | 6.60 | 5.67 | 7.04 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,204,000K ÷ $1,165,000K
= 7.04
Kellanova's inventory turnover has shown some fluctuations over the years. In 2020, the company had an inventory turnover of 7.04, indicating that its inventory was being sold and replenished approximately 7.04 times during the year. However, this ratio decreased to 5.67 in 2021, suggesting that the company may have had excess inventory relative to its sales during that period.
By 2022, Kellanova managed to improve its inventory turnover to 6.60, indicating a more efficient management of inventory. This improvement continued into 2023, with a ratio of 7.11, indicating that the company was selling and replenishing its inventory even more frequently.
Interestingly, by 2024, the inventory turnover ratio had returned to 7.04, the same level as in 2020. This may suggest that Kellanova's inventory management remained consistent over the years, despite some fluctuations.
Overall, Kellanova's inventory turnover ratios show a trend of improvement and efficiency in managing its inventory levels, with some minor fluctuations in between.
Peer comparison
Dec 31, 2024