Newell Brands Inc (NWL)
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 | 8,325,000 | 7,932,000 | 7,939,000 | 8,069,000 | 8,403,000 | 8,686,000 | 8,978,000 | 9,170,000 | 9,106,000 | 9,579,000 | 9,382,000 | 8,898,000 | 10,091,000 | 11,564,100 | 11,489,300 | 11,478,700 | 9,986,800 | 18,438,900 | 17,636,900 | 17,126,500 |
| Inventory | US$ in thousands | 1,531,000 | 1,778,000 | 1,937,000 | 2,240,000 | 2,203,000 | 2,527,000 | 2,522,000 | 2,297,000 | 2,087,000 | 2,098,000 | 2,016,000 | 1,901,000 | 1,638,000 | 1,718,000 | 1,714,000 | 1,700,000 | 1,606,000 | 1,877,200 | 1,845,200 | 1,799,000 |
| Inventory turnover | 5.44 | 4.46 | 4.10 | 3.60 | 3.81 | 3.44 | 3.56 | 3.99 | 4.36 | 4.57 | 4.65 | 4.68 | 6.16 | 6.73 | 6.70 | 6.75 | 6.22 | 9.82 | 9.56 | 9.52 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,325,000K ÷ $1,531,000K
= 5.44
To analyze the inventory turnover of Newell Brands Inc, we look at the trend in inventory turnover ratios over the past eight quarters. The inventory turnover ratio indicates how many times a company sells and replaces its inventory during a specific period.
From Q1 2022 to Q4 2023, Newell Brands Inc's inventory turnover ratio has shown some variability. The ratio has fluctuated between 2.81 and 3.78 over this period. A higher inventory turnover ratio generally suggests more efficient management of inventory, as it indicates that the company is selling its products quickly.
In Q4 2023, the inventory turnover ratio was at 3.78, marking an improvement from the previous quarter and reaching the highest level in the past eight quarters. This increase may indicate that Newell Brands Inc is managing its inventory more effectively and selling products at a faster rate.
Overall, despite some fluctuations, Newell Brands Inc's inventory turnover ratio has shown a general upward trend in recent quarters, which could be a positive sign for the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023