Tootsie Roll Industries Inc (TR)
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 | 468,950 | 481,187 | 498,001 | 506,801 | 516,850 | 510,940 | 486,892 | 474,297 | 454,239 | 440,719 | 417,866 | 398,254 | 371,535 | 344,932 | 325,554 | 299,967 | 300,702 | 302,391 | 316,099 | 331,731 |
| Inventory | US$ in thousands | 77,625 | 94,593 | 129,299 | 108,273 | 94,921 | 107,592 | 139,927 | 109,247 | 84,266 | 89,555 | 101,088 | 67,719 | 55,505 | 71,835 | 88,284 | 68,277 | 59,579 | 71,181 | 94,854 | 71,657 |
| Inventory turnover | 6.04 | 5.09 | 3.85 | 4.68 | 5.45 | 4.75 | 3.48 | 4.34 | 5.39 | 4.92 | 4.13 | 5.88 | 6.69 | 4.80 | 3.69 | 4.39 | 5.05 | 4.25 | 3.33 | 4.63 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $468,950K ÷ $77,625K
= 6.04
Tootsie Roll Industries Inc's inventory turnover ratio has varied over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio indicates how efficiently a company manages its inventory by showing how many times the company's inventory is sold and replaced over a specific period.
The inventory turnover ratio for Tootsie Roll Industries Inc ranged from a low of 3.33 on June 30, 2020, to a high of 6.69 on December 31, 2021, with fluctuations in between. A higher inventory turnover ratio generally indicates that the company is selling its inventory quickly and efficiently.
It is notable that the trend of the inventory turnover ratio has shown some fluctuations but generally suggests effective inventory management. For instance, the ratio increased significantly from 3.33 on June 30, 2020, to 6.69 on December 31, 2021. However, there have been periods where the ratio declined, such as the decrease from 6.69 on December 31, 2021, to 3.48 on June 30, 2023.
Overall, the variations in Tootsie Roll Industries Inc's inventory turnover ratio suggest changes in inventory management practices and sales patterns. It is crucial for the company to closely monitor and manage its inventory levels to ensure optimal efficiency in its operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024