Smurfit WestRock plc (SW)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Dec 31, 2022 | Jun 30, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 19,011,830 | 16,457,150 | 12,309,150 | 11,974,790 | 14,335,930 | 15,581,100 | 17,805,590 | 17,499,350 | 16,450,490 | 14,740,510 |
| Inventory | US$ in thousands | 3,550,000 | 3,585,000 | — | — | 1,036,000 | — | 1,122,000 | 1,241,000 | — | — |
| Inventory turnover | 5.36 | 4.59 | — | — | 13.84 | — | 15.87 | 14.10 | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $19,011,830K ÷ $3,550,000K
= 5.36
Based on the provided data for Smurfit WestRock plc's inventory turnover, we observe fluctuations over the reported periods.
- As of December 31, 2022, the inventory turnover ratio was 14.10 times, indicating that the company converted its inventory into sales 14.10 times during that period.
- The ratio increased to 15.87 times by June 30, 2023, suggesting an improvement in inventory management efficiency.
- However, there is missing data for some periods, such as September 30, 2023, and March 31, 2024, which limits a comprehensive trend analysis.
- By December 31, 2023, the inventory turnover decreased to 13.84 times, indicating a slight decline in the efficient utilization of inventory.
- Notably, by the end of September 30, 2024, the inventory turnover ratio dropped significantly to 4.59 times, indicating that the company was turning over its inventory at a slower pace compared to previous periods.
- Subsequently, by December 31, 2024, there was a slight improvement in inventory turnover, with the ratio increasing to 5.36 times. However, efficiency in managing inventory turnover remains lower compared to previous periods.
It is essential for Smurfit WestRock plc to analyze the factors contributing to these fluctuations in inventory turnover to ensure optimal inventory management practices and enhance overall operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024