Shake Shack Inc (SHAK)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 678,690 | 689,141 | 518,942 | 433,376 | 310,149 |
| Inventory | US$ in thousands | 6,014 | 5,404 | 4,184 | 3,850 | 2,888 |
| Inventory turnover | 112.85 | 127.52 | 124.03 | 112.57 | 107.39 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $678,690K ÷ $6,014K
= 112.85
Shake Shack Inc's inventory turnover has shown a consistent increase over the years. In 2020, the inventory turnover was 107.39, which improved to 112.57 in 2021, further increasing to 124.03 in 2022. The trend continued with inventory turnover reaching 127.52 in 2023 before experiencing a slight dip to 112.85 in 2024. Overall, Shake Shack Inc has demonstrated a strong ability to manage its inventory efficiently, with higher turnover rates indicating that the company is effectively selling and restocking its inventory within shorter timeframes.
Peer comparison
Dec 31, 2024