Travel + Leisure Co (TNL)
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 | 1,584,000 | 1,559,000 | 1,639,000 | 1,710,000 | 1,692,000 | 1,687,000 | 1,659,000 | 1,643,000 | 1,610,000 | 1,504,000 | 1,431,000 | 1,351,000 | 1,282,000 | 2,454,000 | 2,127,000 | 1,781,000 | 1,462,000 | 19,000 | 57,000 | 124,000 |
| Inventory | US$ in thousands | 1,227,000 | 1,208,000 | 1,206,000 | 1,187,000 | 1,135,000 | 1,149,000 | 1,148,000 | 1,158,000 | 1,193,000 | 1,146,000 | 1,192,000 | 1,129,000 | 1,216,000 | 1,270,000 | 1,339,000 | 1,359,000 | 1,347,000 | 1,331,000 | 1,278,000 | 1,218,000 |
| Inventory turnover | 1.29 | 1.29 | 1.36 | 1.44 | 1.49 | 1.47 | 1.45 | 1.42 | 1.35 | 1.31 | 1.20 | 1.20 | 1.05 | 1.93 | 1.59 | 1.31 | 1.09 | 0.01 | 0.04 | 0.10 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,584,000K ÷ $1,227,000K
= 1.29
The inventory turnover of Travel + Leisure Co has shown varying trends over the given periods. Inventory turnover measures the efficiency of the company in managing its inventory by indicating how many times the company sells and replaces its inventory during a specific period.
From March 31, 2020, to September 30, 2020, the inventory turnover was very low, indicating slow sales and potentially inflated inventory levels. However, from December 31, 2020, to September 30, 2021, there was a significant improvement in inventory turnover, suggesting better inventory management or a surge in sales.
The company maintained relatively stable inventory turnover ratios between December 31, 2021, and June 30, 2024, ranging from 1.20 to 1.49. A consistent inventory turnover ratio can indicate a stable demand for the company's products and effective inventory control.
Overall, the inventory turnover ratio of Travel + Leisure Co has generally increased over the years, which is a positive sign as it implies faster inventory turnover and optimal use of company resources. However, it is essential to monitor this ratio continuously to ensure that inventory levels are in line with sales demand.
Peer comparison
Dec 31, 2024
Dec 31, 2024