Whirlpool Corporation (WHR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 16,503,000 | 18,655,000 | 19,351,000 | 20,189,000 | 18,346,000 |
| Inventory | US$ in thousands | 2,035,000 | 2,247,000 | 2,089,000 | 2,717,000 | 2,301,000 |
| Inventory turnover | 8.11 | 8.30 | 9.26 | 7.43 | 7.97 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $16,503,000K ÷ $2,035,000K
= 8.11
Whirlpool Corporation's inventory turnover ratio has exhibited fluctuations over the past five years. The trend shows that the company's inventory turnover ratio was 7.97 in December 31, 2020, decreased to 7.43 in December 31, 2021, then increased to 9.26 in December 31, 2022, slightly decreased to 8.30 in December 31, 2023, and further declined to 8.11 in December 31, 2024.
Overall, the company's inventory turnover ratio indicates the number of times Whirlpool Corp sells and replaces its inventory over a given period. A higher inventory turnover ratio implies that inventory is more efficiently managed, as products are sold and restocked more frequently. The fluctuations in inventory turnover may suggest variations in sales demand, production efficiency, or inventory management practices within the organization. Further analysis of the underlying factors driving these changes in inventory turnover would be necessary to assess the effectiveness and efficiency of Whirlpool Corporation's inventory management strategies.
Peer comparison
Dec 31, 2024