Masco Corporation (MAS)
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 | 6,613,000 | 6,773,000 | 7,030,000 | 7,250,000 | 7,434,000 | 7,528,000 | 7,494,000 | 7,292,000 | 7,049,000 | 6,746,000 | 6,486,000 | 6,169,000 | 5,920,000 | 5,113,000 | 5,185,000 | 5,643,000 | 5,984,000 | 6,963,000 | 7,133,000 | 7,189,000 |
| Inventory | US$ in thousands | 1,022,000 | 1,046,000 | 1,144,000 | 1,196,000 | 1,236,000 | 1,339,000 | 1,354,000 | 1,340,000 | 1,216,000 | 1,107,000 | 1,021,000 | 948,000 | 876,000 | 811,000 | 750,000 | 756,000 | 754,000 | 924,000 | 975,000 | 1,011,000 |
| Inventory turnover | 6.47 | 6.48 | 6.15 | 6.06 | 6.01 | 5.62 | 5.53 | 5.44 | 5.80 | 6.09 | 6.35 | 6.51 | 6.76 | 6.30 | 6.91 | 7.46 | 7.94 | 7.54 | 7.32 | 7.11 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,613,000K ÷ $1,022,000K
= 6.47
Masco Corp.'s inventory turnover has been relatively stable over the past eight quarters, ranging between 4.28 and 5.05. This indicates the company's ability to efficiently manage its inventory levels and convert its inventory into sales. A higher inventory turnover ratio suggests that Masco Corp. is selling its products quickly, which is generally a positive sign as it reduces the risk of obsolete inventory and holding costs.
The slight fluctuation in the inventory turnover ratio from quarter to quarter may be influenced by factors such as seasonal sales trends, changes in consumer demand, or supply chain disruptions. Overall, Masco Corp.'s consistent inventory turnover ratio reflects effective inventory management practices, contributing to the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023