Newell Brands Inc (NWL)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,016,000 | 5,138,000 | 5,297,000 | 5,545,000 | 5,730,000 | 6,010,000 | 6,182,000 | 6,316,000 | 6,641,000 | 6,926,000 | 7,266,000 | 7,384,000 | 7,293,000 | 7,128,000 | 6,974,000 | 6,594,000 | 6,306,000 | 6,272,400 | 6,127,300 | 6,050,200 |
| Inventory | US$ in thousands | 1,400,000 | 1,652,000 | 1,639,000 | 1,695,000 | 1,531,000 | 1,778,000 | 1,937,000 | 2,240,000 | 2,203,000 | 2,527,000 | 2,522,000 | 2,297,000 | 1,997,000 | 2,098,000 | 2,016,000 | 1,901,000 | 1,638,000 | 1,718,000 | 1,714,000 | 1,700,000 |
| Inventory turnover | 3.58 | 3.11 | 3.23 | 3.27 | 3.74 | 3.38 | 3.19 | 2.82 | 3.01 | 2.74 | 2.88 | 3.21 | 3.65 | 3.40 | 3.46 | 3.47 | 3.85 | 3.65 | 3.57 | 3.56 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,016,000K ÷ $1,400,000K
= 3.58
Newell Brands Inc's inventory turnover has shown some fluctuations over the years. The inventory turnover ratio represents how efficiently the company is managing its inventory by measuring the number of times the inventory is sold and replaced within a specific period.
From March 31, 2020, to December 31, 2021, the inventory turnover ratio showed a consistent improvement from 3.56 to 3.65. This indicates that the company was selling and restocking its inventory at a slightly faster pace during this period.
However, from March 31, 2022, to June 30, 2024, the inventory turnover ratio experienced a decline from 3.21 to 3.23 before decreasing further to a low of 2.74 on September 30, 2022. This downward trend may suggest potential issues with inventory management efficiency during this period.
By December 31, 2024, the inventory turnover ratio improved to 3.58, showing a moderate recovery. It is important for Newell Brands Inc to monitor and address any factors affecting their inventory turnover to ensure optimal inventory management efficiency in the future.
Peer comparison
Dec 31, 2024
Dec 31, 2024