Tootsie Roll Industries Inc (TR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 470,037 | 512,525 | 454,239 | 371,535 | 300,702 |
| Inventory | US$ in thousands | -50,643 | 94,921 | 84,266 | 55,505 | 59,579 |
| Inventory turnover | — | 5.40 | 5.39 | 6.69 | 5.05 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $470,037K ÷ $-50,643K
= —
The inventory turnover ratio for Tootsie Roll Industries Inc has shown a positive trend over the past few years, increasing from 5.05 in December 31, 2020, to 6.69 in December 31, 2021, before slightly reducing to 5.39 in December 31, 2022. In December 31, 2023, the ratio remained stable at 5.40. However, there is a missing value for December 31, 2024.
Overall, the inventory turnover ratio indicates how efficiently the company is managing its inventory by measuring the number of times the company sells and replaces its inventory within a given period. A higher turnover ratio suggests that Tootsie Roll Industries is selling its inventory quickly, which is generally positive as it minimizes the risk of obsolete or overstocked inventory. Further analysis would be needed to determine the reasons behind the fluctuations in the inventory turnover ratio and to evaluate the company's inventory management efficiency in more detail.
Peer comparison
Dec 31, 2024