ODP Corp (ODP)
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 | 5,545,000 | 5,662,000 | 5,781,000 | 5,899,000 | 6,065,000 | 6,315,000 | 6,466,000 | 6,576,000 | 6,643,000 | 6,593,000 | 6,582,000 | 6,793,000 | 6,931,000 | 7,112,000 | 7,386,000 | 7,314,000 | 7,578,000 | 7,724,000 | 7,890,000 | 8,151,000 |
| Inventory | US$ in thousands | 770,000 | 760,000 | 778,000 | 733,000 | 765,000 | 782,000 | 836,000 | 793,000 | 828,000 | 890,000 | 968,000 | 866,000 | 859,000 | 841,000 | 957,000 | 929,000 | 930,000 | 1,000,000 | 1,005,000 | 929,000 |
| Inventory turnover | 7.20 | 7.45 | 7.43 | 8.05 | 7.93 | 8.08 | 7.73 | 8.29 | 8.02 | 7.41 | 6.80 | 7.84 | 8.07 | 8.46 | 7.72 | 7.87 | 8.15 | 7.72 | 7.85 | 8.77 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,545,000K ÷ $770,000K
= 7.20
The inventory turnover ratio for ODP Corp has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The ratio indicates how many times a company's inventory is sold and replaced during a specific period.
From the data provided, we can observe that there was a general downward trend in inventory turnover from June 30, 2022, to June 30, 2024, where it decreased from 6.80 to 7.43. This downward trend suggests that either the sales of inventory decreased or the average inventory levels increased during this period.
However, there were also periods of increase in inventory turnover such as the rises from September 30, 2020, to December 31, 2021, and from March 31, 2023, to September 30, 2023. These increases in the ratio indicate that during these periods, either sales were higher or the company was managing its inventory more efficiently, resulting in a quicker turnover of inventory.
Overall, the inventory turnover ratio provides insights into how effectively ODP Corp is managing its inventory levels to meet customer demand and optimize operational efficiency. fluctuations in this ratio can indicate changes in sales trends, inventory management practices, or supply chain efficiency within the company.
Peer comparison
Dec 31, 2024
Dec 31, 2024