ODP Corp (ODP)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,746,000 | 8,384,000 | 8,370,000 | 10,119,000 | 10,634,000 |
| Inventory | US$ in thousands | 765,000 | 828,000 | 859,000 | 916,000 | 1,032,000 |
| Inventory turnover | 10.13 | 10.13 | 9.74 | 11.05 | 10.30 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $7,746,000K ÷ $765,000K
= 10.13
The inventory turnover for ODP Corp has shown some fluctuations over the past five years. In 2023 and 2022, the inventory turnover ratio remained consistent at 10.13 times. In 2021, there was a slight decrease to 9.74 times, indicating that the company took slightly longer to sell its inventory compared to the previous year. However, in 2020, there was an increase in the inventory turnover to 11.05 times, suggesting that the company was able to sell its inventory more efficiently. In 2019, the inventory turnover ratio was 10.30 times, showing stability in inventory management.
Overall, ODP Corp has generally maintained a healthy inventory turnover ratio above 10 times in recent years, indicating that the company has been effectively managing its inventory levels and efficiently converting inventory into sales.
Peer comparison
Dec 31, 2023