Mattel Inc (MAT)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,645,480 | 2,857,500 | 2,953,300 | 2,831,100 | 2,340,100 |
| Inventory | US$ in thousands | 501,732 | 571,609 | 894,100 | 777,200 | 514,700 |
| Inventory turnover | 5.27 | 5.00 | 3.30 | 3.64 | 4.55 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,645,480K ÷ $501,732K
= 5.27
Mattel Inc's inventory turnover has shown fluctuations over the past five years. The inventory turnover ratio, which measures how efficiently the company manages its inventory, decreased from 4.55 in December 2020 to 3.64 in December 2021 and further declined to 3.30 in December 2022. This indicates that the company took longer to sell its inventory during these periods.
However, there was a significant improvement in inventory turnover in December 2023, reaching 5.00, and a further increase to 5.27 in December 2024. These higher ratios suggest that Mattel Inc was able to sell its inventory more efficiently during these years.
Overall, while there were fluctuations in inventory turnover, particularly in 2021 and 2022, the trend has shown improvement in the recent years, indicating better inventory management by Mattel Inc.