FDP (Fresh Del Monte Produce) Inventory Turnover : 1.60 (As of Dec. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Fresh Del Monte Produce Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Fresh Del Monte Produce's Cost of Goods Sold for the three months ended in Dec. 2024 was $945 Mil. Fresh Del Monte Produce's Average Total Inventories for the quarter that ended in Dec. 2024 was $592 Mil. Fresh Del Monte Produce's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fresh Del Monte Produce's Days Inventory for the three months ended in Dec. 2024 was 57.19.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Fresh Del Monte Produce's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.58.

Fresh Del Monte Produce Inventory Turnover Historical Data

The historical data trend for Fresh Del Monte Produce's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fresh Del Monte Produce Inventory Turnover Chart

Fresh Del Monte Produce Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

7.46

7.11

6.45

6.26

6.56

Fresh Del Monte Produce Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.59	1.75	1.85	1.64	1.60

Fresh Del Monte Produce Inventory Turnover Calculation

Fresh Del Monte Produce's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	3922.3	/ (	(599.9	+	595.3)	/	2 )
=	3922.3	/	597.6
=	6.56

Fresh Del Monte Produce's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	944.5	/ (	(588.7	+	595.3)	/	2 )
=	944.5	/	592
=	1.60

Fresh Del Monte Produce (NYSE:FDP) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Fresh Del Monte Produce's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	592	/	944.5	*	365 / 4
	=	57.19

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Fresh Del Monte Produce's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	592	/	1013.2
	=	0.58

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Fresh Del Monte Produce Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Fresh Del Monte Produce's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Fresh Del Monte Produce Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fresh Del Monte Produce Inc (NYSE:FDP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FDM:Germany

Address

c/o H&C Corporate Services Ltd, Mary Street, 4th Floor, Apollo House, P.O. Box 698, George Town, Grand Cayman, CYM, KY1-1107

Website

https://www.freshdelmonte.com

Fresh Del Monte Produce Inc is an integrated producer, marketer & distributor of fresh-cut fruit & vegetables. It operates in three segments, Fresh and value-added products segment, which includes pineapples, fresh-cut fruit, fresh-cut vegetables, melons, vegetables, non-tropical fruit, other fruit and vegetables, avocados, and prepared foods, Banana segment & Other products and services segment, including the third-party freight & logistic services business & the Jordanian poultry and meats business. The majority is from the Fresh and value-added products segment. Geographically, it operates in North America, Europe, Asia, the Middle East, and Other, out of which the highest is from North America.

Executives

Marissa R Tenazas	officer: SVP Corporate Human Resources	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Michael J Berthelot	director	P O BOX 7277, RANCHO SANTA FE CA 92067
Effie D Silva	officer: SVP, General Counsel & Secy	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Monica Vicente	officer: SVP, Chief Financial Officer	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Mohammed Abbas	officer: V.P. Middle East and N. Africa	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33134
Ziad Nabulsi	officer: SVP, North American Operations	C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Mary Ann Cloyd	director	184 LIBERTY CORNER ROAD, SUITE 302, WARREN NJ 07059
Reyes Jorge Pelaez	officer: VP, Central America	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Jesus Rodriguez Calvo	officer: SVP, NA Sales & Marketing	C/O FRESH DEL MONTE PRODUCE INC, P.O. BOX 149222, CORAL GABLES FL 33114
Tarek Ahmad Betti	officer: Chief Human Resources Officer	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Ghazaleh Amir Abu	director, 10 percent owner	241 SEVILLA AVE, 12TH FL, CORAL GABLES FL 33134
Sergio Mancilla	officer: VP South America	C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222, CORAL GABLES FL 33114
Hans Sauter	officer: SVP, R&D and Agriculture	C/O FRESH DEL MONTE PRODUCE INC.,, PO BOX 149222, CORAL GABLES FL 33114
Helmuth Lutty	officer: SVP, Shipping Operations	C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222, CORAL GABLES FL 33114
Gianpaolo Renino	officer: V.P. Europe and Africa	C/O FRESH DEL MONTE, INC., PO BOX 149222, CORAL GABLES FL 33134