Kimberly-Clark Corporation (KMB)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 12,878,000 | 13,368,000 | 13,956,000 | 13,412,000 | 12,318,000 |
| Inventory | US$ in thousands | 1,822,000 | 1,955,000 | 2,269,000 | 2,239,000 | 1,903,000 |
| Inventory turnover | 7.07 | 6.84 | 6.15 | 5.99 | 6.47 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $12,878,000K ÷ $1,822,000K
= 7.07
Kimberly-Clark Corporation's inventory turnover has shown a consistent pattern over the past five years. The inventory turnover ratio measures how many times a company's inventory is sold and replaced during a certain period.
In 2020, the inventory turnover was 6.47, indicating that the company sold and replaced its inventory approximately 6.47 times during that year.
The ratio decreased slightly to 5.99 in 2021, suggesting a slower rate of inventory turnover compared to the previous year.
However, in 2022, the inventory turnover increased to 6.15, showing a slight improvement in the efficiency of managing inventory.
By December 31, 2023, the inventory turnover ratio further increased to 6.84, indicating a more efficient turnover of inventory.
In 2024, the inventory turnover ratio reached 7.07, representing the highest turnover rate in the five-year period. This indicates that Kimberly-Clark Corporation was able to sell and replace its inventory more than seven times during that year.
Overall, the general trend suggests that Kimberly-Clark Corporation has been effectively managing its inventory turnover, with fluctuations from year to year but showing an increasing trend in recent years.
Peer comparison
Dec 31, 2024