Kimberly-Clark Corporation (KMB)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,339,000 | 13,474,000 | 13,690,000 | 13,892,000 | 13,998,000 | 14,125,000 | 14,132,000 | 13,781,000 | 13,312,000 | 13,020,000 | 12,596,000 | 12,199,000 | 12,306,000 | 12,151,000 | 12,143,000 | 12,434,000 | 12,421,000 | 12,585,000 | 12,666,000 | 12,701,000 |
| Inventory | US$ in thousands | 1,955,000 | 2,021,000 | 2,128,000 | 2,224,000 | 2,269,000 | 2,281,000 | 2,278,000 | 2,265,000 | 2,239,000 | 2,098,000 | 2,110,000 | 1,956,000 | 1,903,000 | 1,787,000 | 1,825,000 | 1,539,000 | 1,790,000 | 1,779,000 | 1,856,000 | 1,857,000 |
| Inventory turnover | 6.82 | 6.67 | 6.43 | 6.25 | 6.17 | 6.19 | 6.20 | 6.08 | 5.95 | 6.21 | 5.97 | 6.24 | 6.47 | 6.80 | 6.65 | 8.08 | 6.94 | 7.07 | 6.82 | 6.84 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $13,339,000K ÷ $1,955,000K
= 6.82
The inventory turnover ratio for Kimberly-Clark Corp. has shown relatively consistent performance over the past eight quarters, ranging from a low of 6.12 in Q1 2022 to a high of 6.85 in Q4 2023. This indicates the company's efficiency in managing its inventory levels and converting them into sales within a certain time period.
On average, the inventory turnover ratio for Kimberly-Clark Corp. during this period is approximately 6.36, suggesting that the company typically sells and replaces its inventory over six times a year. A high inventory turnover ratio is generally a positive indicator, as it implies that the company is effectively managing its inventory, avoiding excess stocking, and minimizing carrying costs.
The slight fluctuations seen in the quarterly ratios may be due to seasonality factors, changes in demand, supply chain disruptions, or variations in production levels. However, the overall trend indicates a stable and efficient inventory management process within Kimberly-Clark Corp., which is crucial for maintaining profitability and liquidity in the business.
Peer comparison
Dec 31, 2023
Dec 31, 2023
See also:
Kimberly-Clark Corporation Inventory Turnover (Quarterly Data)