Sealed Air Corporation (SEE)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,767,500 | 3,847,600 | 3,869,000 | 3,852,900 | 3,293,900 |
| Inventory | US$ in thousands | 722,200 | 774,300 | 866,300 | 725,700 | 596,700 |
| Inventory turnover | 5.22 | 4.97 | 4.47 | 5.31 | 5.52 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,767,500K ÷ $722,200K
= 5.22
Sealed Air Corporation's inventory turnover has shown some fluctuations over the past five years. The inventory turnover ratio measures how many times a company's inventory is sold and replaced within a specific period.
In December 2020, the inventory turnover ratio was 5.52, indicating that Sealed Air Corporation was able to sell and replace its inventory 5.52 times during that year.
By December 2021, the inventory turnover ratio decreased slightly to 5.31. This decrease may suggest that the company was holding onto inventory for a slightly longer period compared to the previous year.
In December 2022, there was a more noticeable decline in the inventory turnover ratio to 4.47. This could indicate that Sealed Air Corporation had challenges in managing its inventory efficiently or that sales were slower during that period.
However, by December 2023, the inventory turnover ratio improved to 4.97, showing some progress in inventory management.
In December 2024, the inventory turnover ratio increased further to 5.22, nearing the level seen in December 2020. This suggests that Sealed Air Corporation may have made efforts to optimize its inventory turnover efficiency.
Overall, while there have been fluctuations in Sealed Air Corporation's inventory turnover over the five-year period, the company seems to have maintained a relatively stable performance in managing its inventory levels efficiently.
Peer comparison
Dec 31, 2024