Sealed Air Corporation (SEE)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,847,600 | 3,869,000 | 3,852,900 | 3,293,900 | 3,226,300 |
| Inventory | US$ in thousands | 774,300 | 866,300 | 725,700 | 596,700 | 570,300 |
| Inventory turnover | 4.97 | 4.47 | 5.31 | 5.52 | 5.66 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,847,600K ÷ $774,300K
= 4.97
Sealed Air Corp.'s inventory turnover has exhibited a fluctuating trend over the past five years. The company's inventory turnover ratio was 4.97 in 2023, showing an improvement from the previous year's ratio of 4.47 in 2022. This indicates that inventory was turned over approximately 4.97 times during the year, reflecting that the company is managing its inventory more efficiently in 2023.
Comparing the current ratio to prior years, Sealed Air Corp.'s inventory turnover was 5.31 in 2021, 5.52 in 2020, and 5.66 in 2019. The decreasing trend from 2019 to 2023 could imply that the company might have experienced challenges in managing inventory effectively over these years. However, the recent improvement in 2023 suggests a potential positive turnaround in the company's inventory management practices.
Overall, Sealed Air Corp.'s inventory turnover ratios demonstrate variability over the analyzed period, with a recent uptick in 2023 possibly indicating enhanced inventory control and efficiency. Monitoring future trends in inventory turnover will be essential to assess the company's ongoing performance in managing its inventory effectively.
Peer comparison
Dec 31, 2023