Kontoor Brands Inc (KTB)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	2,279,946	2,258,674	2,253,712	2,279,380	2,301,854	2,349,627	2,325,712	2,290,131	2,289,479	2,254,937	2,276,112	2,207,146	2,194,929	2,189,315	2,125,669	2,046,651	2,005,188	2,000,957	2,073,359	2,252,287
Inventory	US$ in thousands	390,209	461,510	488,340	501,341	500,353	605,234	626,885	660,089	596,836	678,207	537,900	432,891	362,957	409,110	403,249	350,151	340,732	432,280	432,925	488,750
Inventory turnover		5.84	4.89	4.62	4.55	4.60	3.88	3.71	3.47	3.84	3.32	4.23	5.10	6.05	5.35	5.27	5.85	5.88	4.63	4.79	4.61

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,279,946K ÷ $390,209K
= 5.84

The inventory turnover for Kontoor Brands Inc has varied over the years based on the provided data. The inventory turnover ratio measures how many times a company sells and replaces its inventory during a certain period. A higher inventory turnover ratio typically indicates that a company is managing its inventory efficiently.

Looking at the trend for Kontoor Brands Inc:
- The inventory turnover ratio increased from 4.61 on March 31, 2020, to peak at 6.05 on December 31, 2021.
- However, the ratio started to decline thereafter, reaching 4.62 on June 30, 2024.
- Over the last reported period, the inventory turnover stood at 5.84 on December 31, 2024.

Overall, the trend in the inventory turnover for Kontoor Brands Inc shows fluctuations in the efficiency of managing its inventory. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's inventory management practices and overall operational performance.