Silgan Holdings Inc (SLGN)
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 | 5,441,540 | 5,415,720 | 5,633,660 | 5,815,720 | 5,907,380 | 5,853,020 | 5,584,770 | 5,389,900 | 5,196,400 | 5,017,440 | 4,842,030 | 4,525,775 | 4,187,131 | 4,071,543 | 3,803,063 | 3,760,338 | 3,776,186 | 3,802,635 | 3,791,795 | 3,767,998 |
| Inventory | US$ in thousands | 940,808 | 919,013 | 1,251,540 | 1,055,080 | 769,403 | 851,070 | 1,253,890 | 1,018,680 | 798,837 | 762,182 | 907,805 | 788,637 | 677,534 | 678,181 | 821,448 | 697,808 | 633,005 | 703,206 | 822,584 | 686,213 |
| Inventory turnover | 5.78 | 5.89 | 4.50 | 5.51 | 7.68 | 6.88 | 4.45 | 5.29 | 6.50 | 6.58 | 5.33 | 5.74 | 6.18 | 6.00 | 4.63 | 5.39 | 5.97 | 5.41 | 4.61 | 5.49 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,441,540K ÷ $940,808K
= 5.78
Silgan Holdings Inc.'s inventory turnover has displayed variability over the past eight quarters. In Q4 2023, the inventory turnover ratio stood at 5.31, slightly lower compared to the previous quarter but consistent with the range observed throughout the year. The trend in inventory turnover indicates that the company is efficiently managing its inventory levels to generate sales revenue. Despite fluctuations, the company generally maintains a healthy balance between inventory levels and sales activity. Further analysis of industry benchmarks and historical trends may provide additional insights into Silgan Holdings Inc.'s inventory management effectiveness.
Peer comparison
Dec 31, 2023
Dec 31, 2023