Mondelez International Inc (MDLZ)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 22,184,000 | 22,252,000 | 20,184,000 | 17,466,000 | 16,135,000 |
| Inventory | US$ in thousands | 3,827,000 | 3,615,000 | 3,381,000 | 2,708,000 | 2,647,000 |
| Inventory turnover | 5.80 | 6.16 | 5.97 | 6.45 | 6.10 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $22,184,000K ÷ $3,827,000K
= 5.80
Mondelez International Inc's inventory turnover has been relatively stable over the past five years. The company's inventory turnover ratio ranged between 5.80 and 6.45 during this period, indicating that, on average, the company has been able to turn over its inventory multiple times a year. A higher inventory turnover typically signifies efficient inventory management, as it suggests that the company is selling goods quickly and not holding onto excess inventory. However, the slight fluctuations in Mondelez's inventory turnover may indicate variations in demand or changes in the company's inventory management practices. Overall, maintaining a healthy inventory turnover ratio is crucial for ensuring liquidity and optimizing operational efficiency within the company.
Peer comparison
Dec 31, 2024