Papa John's International Inc (PZZA)

Inventory turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 273,206 290,381 292,039 270,209 278,575
Inventory US$ in thousands 36,126 41,382 34,981 30,265 27,529
Inventory turnover 7.56 7.02 8.35 8.93 10.12

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $273,206K ÷ $36,126K
= 7.56

The inventory turnover for Papa John`s International, Inc. has been consistently reported as 0.00 for the past five years from 2019 to 2023. This indicates that the company is not effectively managing its inventory levels or is facing challenges in selling its inventory in a timely manner. A low inventory turnover ratio may suggest excess or obsolete inventory, which can tie up the company's financial resources and lead to potential losses. It is crucial for Papa John`s to address this issue to improve operational efficiency and profitability in the long run. Further analysis and strategies to optimize inventory management processes are recommended to enhance the company's performance in the future.


Peer comparison

Dec 31, 2023