Mondelez International Inc (MDLZ)

Inventory turnover

		Dec 31, 2024	Sep 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	Dec 31, 2019
Cost of revenue (ttm)	US$ in thousands	22,482,000	22,124,000	21,072,000	22,252,000	22,028,000	21,643,000	21,123,000	20,184,000	19,389,000	18,597,000	17,975,000	17,466,000	17,067,000	16,582,000	16,151,000	16,135,000	15,863,000	15,829,000	15,842,000	15,531,000
Inventory	US$ in thousands	3,827,000	4,270,000	3,562,000	3,615,000	3,808,000	3,825,000	3,627,000	3,381,000	3,393,000	3,038,000	2,838,000	2,708,000	2,922,000	2,925,000	2,635,000	2,647,000	2,840,000	2,710,000	2,441,000	2,546,000
Inventory turnover		5.87	5.18	5.92	6.16	5.78	5.66	5.82	5.97	5.71	6.12	6.33	6.45	5.84	5.67	6.13	6.10	5.59	5.84	6.49	6.10

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $22,482,000K ÷ $3,827,000K
= 5.87

The inventory turnover ratio for Mondelez International Inc has fluctuated over the given period. It started at 6.10 on December 31, 2019, increased to 6.49 on March 31, 2020, and then slightly declined to 5.84 on June 30, 2020. The ratio further decreased to 5.59 on September 30, 2020, before rebounding to 6.10 by December 31, 2020.

Subsequently, the inventory turnover ratio remained relatively stable around the 6 mark, with slight fluctuations, reaching 6.45 on December 31, 2021, and 6.33 on March 31, 2022. However, there was a decrease to 5.71 on September 30, 2022, followed by a slight recovery to 5.97 on December 31, 2022.

The trend continued with the ratio dropping to 5.82 on March 31, 2023, and further declining to 5.66 on June 30, 2023. However, the ratio increased to 5.78 on September 30, 2023, and then to 6.16 on December 31, 2023.

Subsequently, there was a decrease to 5.92 on March 31, 2024, and a notable decline to 5.18 on September 30, 2024. The inventory turnover ratio then improved slightly to 5.87 on December 31, 2024.

Overall, the inventory turnover ratio for Mondelez International Inc has shown some fluctuations over the period, indicating changes in the efficiency of managing inventory levels and generating sales. It is essential for the company to analyze the reasons behind these fluctuations to optimize inventory management and operational efficiency.