Procter & Gamble Company (PG)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 66,491,000 | 64,528,000 | 62,939,000 | 58,780,000 | 56,386,000 |
| Inventory | US$ in thousands | 7,016,000 | 7,073,000 | 6,924,000 | 5,983,000 | 5,498,000 |
| Inventory turnover | 9.48 | 9.12 | 9.09 | 9.82 | 10.26 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $66,491,000K ÷ $7,016,000K
= 9.48
Procter & Gamble Company's inventory turnover has shown a decreasing trend over the past five years, from 10.26 in 2020 to 9.48 in 2024. This indicates that the company is taking longer to sell its inventory. A lower inventory turnover may suggest poor sales, excessive inventory levels, or inefficient inventory management. It is essential for the company to closely monitor its inventory turnover ratio to ensure optimal inventory management practices and efficient use of resources.
Peer comparison
Jun 30, 2024
Company name
Symbol
Inventory turnover
Procter & Gamble Company
PG
9.48
Church & Dwight Company Inc
CHD
5.35
Ecolab Inc
ECL
9.03
Stepan Company
SCL
8.28