Mondelez International Inc (MDLZ)

Inventory turnover

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	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	15,601,000	15,636,000	15,615,000
Inventory	US$ in thousands	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	2,742,000	2,731,000	2,620,000
Inventory turnover		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	5.69	5.73	5.96

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $22,252,000K ÷ $3,615,000K
= 6.16

Mondelez International Inc.'s inventory turnover has shown some fluctuations over the past eight quarters. The inventory turnover ratio, which measures how efficiently the company is managing its inventory, has averaged around 5.96 times per year over this period.

In the most recent quarter (Q4 2023), the inventory turnover ratio was 6.16 times, which indicates that the company's inventory was sold and replaced approximately 6.16 times within the year. This suggests that Mondelez International Inc. is effectively managing its inventory levels and efficiently turning over its inventory to generate sales.

While there have been fluctuations in the inventory turnover ratio over the quarters, the overall trend seems to be relatively stable, with minor variations. The highest inventory turnover ratio was observed in Q1 2022 at 6.33 times, indicating a peak in inventory management efficiency during that period.

Overall, the inventory turnover ratios suggest that Mondelez International Inc. has been able to effectively balance its inventory levels with its sales volume, indicating efficient inventory management practices.