Mondelez International Inc (MDLZ)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 22,252,000 | 20,184,000 | 17,466,000 | 16,135,000 | 15,531,000 |
| Inventory | US$ in thousands | 3,615,000 | 3,381,000 | 2,708,000 | 2,647,000 | 2,546,000 |
| Inventory turnover | 6.16 | 5.97 | 6.45 | 6.10 | 6.10 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $22,252,000K ÷ $3,615,000K
= 6.16
Mondelez International Inc. has maintained a relatively stable inventory turnover ratio over the past five years, ranging from 5.97 to 6.45. The inventory turnover ratio measures the efficiency of the company in selling its inventory over a specific period. A higher inventory turnover ratio indicates that Mondelez is selling its inventory quickly and efficiently.
In the most recent year, the inventory turnover ratio stood at 6.16, reflecting a slight increase compared to the previous year. This uptick suggests that Mondelez has been effectively managing its inventory levels and turning them into sales. Consistent inventory turnover ratios over the years indicate that Mondelez has an optimized inventory management system in place.
Overall, the inventory turnover ratios for Mondelez International Inc. demonstrate the company's ability to effectively manage its inventory and convert it into sales within a reasonable timeframe, reflecting positively on its operational efficiency.
Peer comparison
Dec 31, 2023