Kenvue Inc. (KVUE)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Cost of revenue (ttm)	US$ in thousands	8,617,000
Inventory	US$ in thousands	1,851,000	1,885,000	2,026,000	2,222,000
Inventory turnover		4.66

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,617,000K ÷ $1,851,000K
= 4.66

The inventory turnover ratio for Kenvue Inc. as of December 31, 2023, is 4.66. This indicates that the company has sold and replaced its inventory approximately 4.66 times during the year. A higher inventory turnover ratio generally implies a more efficient management of inventory and a lower risk of inventory becoming obsolete or unsellable. However, it is essential to further analyze the trend of this ratio over multiple periods to assess the consistency and effectiveness of Kenvue Inc.'s inventory management strategy.