Keurig Dr Pepper Inc (KDP)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 12,143,000 | 12,315,000 | 10,502,000 | 9,835,000 | 9,405,000 |
| Inventory | US$ in thousands | 1,142,000 | 1,314,000 | 894,000 | 762,000 | 654,000 |
| Inventory turnover | 10.63 | 9.37 | 11.75 | 12.91 | 14.38 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $12,143,000K ÷ $1,142,000K
= 10.63
The inventory turnover for Keurig Dr Pepper Inc has shown a decreasing trend over the past five years, indicating that the company is holding on to its inventory for a longer period before selling it. In 2019, the inventory turnover was at its highest at 7.31, but it has gradually declined to 5.90 in 2023. This suggests that the company may be experiencing challenges in managing its inventory efficiently or may be facing slower sales growth compared to previous years. Further analysis is required to understand the reasons behind this trend and to implement strategies to optimize inventory levels and turnover for improved financial performance.
Peer comparison
Dec 31, 2023