The Mosaic Company (MOS)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,610,900 | 11,485,500 | 13,369,400 | 9,157,100 | 7,616,800 |
| Inventory | US$ in thousands | 2,548,400 | 2,523,200 | 3,543,100 | 2,741,400 | 1,739,200 |
| Inventory turnover | 3.77 | 4.55 | 3.77 | 3.34 | 4.38 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,610,900K ÷ $2,548,400K
= 3.77
The inventory turnover for The Mosaic Company over the five-year period from December 31, 2020, to December 31, 2024, shows fluctuations in the efficiency of managing its inventory.
In 2020, the inventory turnover ratio was 4.38, indicating that the company turned over its inventory approximately 4.38 times during that year. This suggests that the company was able to sell its inventory efficiently relative to the amount of inventory it held.
However, in the following years, there was a decrease in the inventory turnover ratio. By the end of 2021, the ratio had decreased to 3.34, reflecting a potential delay in inventory turnover or an increase in average inventory levels.
The inventory turnover ratio improved slightly in 2022 to 3.77, but it remained below the 2020 level. This improvement could indicate better inventory management practices.
By the end of 2023, the inventory turnover ratio increased significantly to 4.55, surpassing the 2020 level. This uptick suggests that the company had effectively reduced excess inventory and improved its sales efficiency.
However, in 2024, the inventory turnover ratio dropped back to 3.77, signaling a potential reversal in the positive trend observed in the previous year.
Overall, The Mosaic Company's inventory turnover has shown variability over the years, indicating the need for continuous monitoring and adjustment of inventory management practices to optimize efficiency and profitability.
Peer comparison
Dec 31, 2024