Smurfit WestRock plc (SW)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 16,914,000 | 8,273,920 | 8,752,000 | 7,015,000 | 5,656,000 |
| Inventory | US$ in thousands | — | 1,145,190 | 1,241,000 | 1,056,000 | 784,000 |
| Inventory turnover | — | 7.22 | 7.05 | 6.64 | 7.21 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $16,914,000K ÷ $—K
= —
Smurfit WestRock plc's inventory turnover has shown a consistent trend over the past few years. In 2020, the inventory turnover ratio was 7.21, indicating that the company's inventory was turned over approximately 7.21 times during the year. However, in 2021, there was a slight decrease in the inventory turnover ratio to 6.64, implying that the company took slightly longer to sell its inventory compared to the previous year.
Subsequently, in 2022, the inventory turnover ratio improved to 7.05, suggesting that the company was able to manage its inventory more efficiently. This improvement continued into 2023, with the inventory turnover ratio reaching 7.22, indicating a further increase in efficiency in managing inventory levels.
However, there is missing data for 2024, denoted by "—". It is essential to investigate the reason for this missing data to ensure the accuracy and completeness of the financial analysis.
Overall, the trend in Smurfit WestRock plc's inventory turnover shows a generally positive trajectory, with minor fluctuations from year to year. This indicates the company's ability to effectively manage its inventory levels, potentially leading to improved cash flows and profitability.
Peer comparison
Dec 31, 2024