Silgan Holdings Inc (SLGN)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,842,920 | 4,792,350 | 4,857,720 | 4,908,960 | 4,995,700 | 5,096,800 | 5,242,200 | 5,335,500 | 5,363,600 | 5,366,400 | 5,106,700 | 4,950,600 | 4,758,800 | 4,560,000 | 4,387,200 | 4,225,800 | 4,054,500 | 3,919,500 | 3,803,100 | 3,760,400 |
| Inventory | US$ in thousands | 928,100 | 780,443 | 1,005,590 | 957,240 | 940,808 | 919,000 | 1,251,500 | 1,055,100 | 769,400 | 851,100 | 1,253,900 | 1,018,700 | 798,800 | 762,200 | 907,800 | 788,600 | 677,500 | 678,200 | 821,400 | 697,800 |
| Inventory turnover | 5.22 | 6.14 | 4.83 | 5.13 | 5.31 | 5.55 | 4.19 | 5.06 | 6.97 | 6.31 | 4.07 | 4.86 | 5.96 | 5.98 | 4.83 | 5.36 | 5.98 | 5.78 | 4.63 | 5.39 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,842,920K ÷ $928,100K
= 5.22
Silgan Holdings Inc's inventory turnover ratio fluctuated over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio indicates how efficiently the company manages its inventory by demonstrating how many times it sells and restocks its inventory within a specific period.
The ratio varied between a low of 4.07 on June 30, 2022, and a high of 6.97 on December 31, 2022. A higher inventory turnover ratio generally signifies that the company is effectively managing its inventory, minimizing excess stock levels, and avoiding obsolescence.
It is notable that there were periods where the inventory turnover ratio experienced significant changes from one quarter to the next, indicating fluctuations in the company's inventory management efficiency. For instance, there was a substantial decrease in the inventory turnover ratio from September 30, 2024, to December 31, 2024.
Overall, the trend in Silgan Holdings Inc's inventory turnover ratio reflects fluctuations in its ability to efficiently manage and turn over its inventory, potentially influenced by factors such as demand fluctuations, supply chain disruptions, or inventory management strategies. Maintaining a balance between inventory levels and sales demand is crucial for optimizing operational performance and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024