Performance Food Group Co (PFGC)
Inventory turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 52,942,400 | 52,397,000 | 51,935,300 | 51,895,200 | 51,579,500 | 51,443,900 | 51,343,600 | 50,808,200 | 49,955,600 | 46,095,200 | 41,271,000 | 35,884,400 | 30,345,000 | 27,269,900 | 24,107,700 | 23,949,600 | 23,232,500 | 22,493,400 | 22,629,800 | 20,461,300 |
| Inventory | US$ in thousands | 3,928,000 | 3,677,800 | 3,107,000 | 3,342,100 | 3,519,700 | 3,390,000 | 3,247,300 | 3,344,300 | 3,335,000 | 3,428,600 | 3,085,300 | 3,190,900 | 2,864,000 | 1,839,400 | 1,541,800 | 1,477,700 | 1,523,900 | 1,549,400 | 1,803,100 | 1,349,400 |
| Inventory turnover | 13.48 | 14.25 | 16.72 | 15.53 | 14.65 | 15.18 | 15.81 | 15.19 | 14.98 | 13.44 | 13.38 | 11.25 | 10.60 | 14.83 | 15.64 | 16.21 | 15.25 | 14.52 | 12.55 | 15.16 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $52,942,400K ÷ $3,928,000K
= 13.48
Performance Food Group Co's inventory turnover has shown some fluctuation over the past few years. The inventory turnover ratio measures the number of times a company sells and replaces its inventory during a specific period.
Based on the data provided, the inventory turnover ratio ranged from a low of 10.60 on September 30, 2021, to a high of 16.72 on March 31, 2024. A higher inventory turnover ratio indicates that the company is selling its inventory more quickly, which is generally a positive sign as it suggests efficient inventory management.
The highest inventory turnover ratios were seen in the first quarter of 2024, indicating that Performance Food Group Co was managing its inventory efficiently during that period. However, there was a noticeable decrease in the inventory turnover ratio in the following quarter, dropping to 14.25 on September 30, 2024.
Overall, the company's inventory turnover ratios have generally been at healthy levels, indicating effective management of inventory levels and successful sales strategies. However, the fluctuations in the ratios over the years suggest that the company may need to focus on maintaining consistency in its inventory management practices to ensure optimal performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024