Light & Wonder Inc (LNW)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,113,000 | 1,107,000 | 1,055,000 | 1,125,000 | 2,325,000 |
| Inventory | US$ in thousands | 177,000 | 161,000 | 98,000 | 119,000 | 244,000 |
| Inventory turnover | 6.29 | 6.88 | 10.77 | 9.45 | 9.53 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,113,000K ÷ $177,000K
= 6.29
The inventory turnover of Light & Wonder Inc has shown fluctuating trends over the past five years. In 2023, the inventory turnover ratio stood at 4.93, indicating that the company turns over its inventory approximately 4.93 times during the year. This is an increase from the previous year in 2022 when the ratio was 4.58.
Comparing the recent years, the inventory turnover in 2023 is lower than in 2021 when it was 6.21. This suggests that in 2023, Light & Wonder Inc took longer to sell its inventory compared to 2021. However, the inventory turnover in 2023 is slightly higher compared to 2020 (6.07) and 2019 (5.26), indicating an improvement in inventory management efficiency over those years.
Overall, the company's inventory turnover ratio has fluctuated over the years, and while there has been some improvement in 2023 compared to the previous year, it may be worth exploring further to identify any factors impacting inventory turnover and optimizing the management of inventory levels.
Peer comparison
Dec 31, 2023