Sealed Air Corporation (SEE)
Inventory turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,847,600 | 3,856,900 | 3,855,200 | 3,872,100 | 3,869,000 | 3,943,200 | 3,979,400 | 3,927,500 | 3,852,900 | 3,713,300 | 3,543,000 | 3,376,500 | 3,293,900 | 3,247,000 | 3,240,800 | 3,262,200 | 3,226,300 | 3,217,900 | 3,212,100 | 3,221,100 |
| Inventory | US$ in thousands | 774,300 | 834,200 | 938,800 | 961,700 | 866,300 | 962,400 | 932,700 | 843,700 | 725,700 | 741,000 | 730,700 | 652,300 | 596,700 | 630,900 | 638,200 | 568,200 | 570,300 | 618,300 | 596,100 | 597,400 |
| Inventory turnover | 4.97 | 4.62 | 4.11 | 4.03 | 4.47 | 4.10 | 4.27 | 4.66 | 5.31 | 5.01 | 4.85 | 5.18 | 5.52 | 5.15 | 5.08 | 5.74 | 5.66 | 5.20 | 5.39 | 5.39 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,847,600K ÷ $774,300K
= 4.97
Sealed Air Corp.'s inventory turnover has fluctuated over the past eight quarters. The company achieved relatively high inventory turnover in Q4 2023, which was 4.97, indicating that it converted its inventory into sales almost five times during the quarter. This is an improvement from the previous quarter, Q3 2023, where the turnover was 4.62.
However, the inventory turnover for Q4 2023 was lower compared to Q4 2022 when it was 4.47. This suggests that Sealed Air Corp. was slightly less efficient in managing its inventory in Q4 2023 compared to the same quarter in the previous year.
Overall, Sealed Air Corp. has maintained a moderate level of inventory turnover in the range of 4.03 to 4.97 over the past eight quarters. This indicates that the company has been effectively managing its inventory levels and turning them into sales within a reasonable timeframe. Further analysis and comparison with industry benchmarks may provide additional insights into the company's inventory management efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023