Mattel Inc (MAT)

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	2,672,790	2,692,451	2,768,443	2,803,373	2,857,700	2,826,400	2,794,400	2,883,800	2,953,400	3,064,700	3,075,600	2,927,200	2,834,000	2,714,000	2,593,500	2,466,400	2,340,100	2,310,000	2,305,800	2,413,200
Inventory	US$ in thousands	501,732	737,182	776,863	669,335	571,609	790,500	971,600	961,000	894,100	1,083,800	1,177,600	969,200	777,200	854,500	818,000	609,800	514,700	663,600	702,600	560,600
Inventory turnover		5.33	3.65	3.56	4.19	5.00	3.58	2.88	3.00	3.30	2.83	2.61	3.02	3.65	3.18	3.17	4.04	4.55	3.48	3.28	4.30

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,672,790K ÷ $501,732K
= 5.33

The inventory turnover of Mattel Inc has been fluctuating over the past few years, ranging from a low of 2.61 to a high of 5.33. A higher inventory turnover ratio indicates that the company is selling its inventory more efficiently.

From March 31, 2020 to December 31, 2020, the inventory turnover increased from 4.30 to 4.55, indicating an improvement in inventory management. However, in the following quarters, the turnover ratio decreased, reaching a low of 2.61 by June 30, 2022.

There was a slight recovery in the inventory turnover ratio thereafter, with fluctuations occurring in subsequent periods. As of December 31, 2024, the inventory turnover stood at 5.33, representing a significant improvement compared to the lows experienced in the past.

Overall, the trend in the inventory turnover ratio for Mattel Inc shows variability, with periods of both improvement and decline in inventory management efficiency. Tracking this metric is crucial for assessing the company's ability to convert its inventory into sales and manage its operational efficiency.