Mondelez International (LTS:0R0G) Inventory Turnover : 1.50 (As of Sep. 2024)

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What is Mondelez International 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. Mondelez International's Cost of Goods Sold for the three months ended in Sep. 2024 was $6,205 Mil. Mondelez International's Average Total Inventories for the quarter that ended in Sep. 2024 was $4,140 Mil. Mondelez International's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mondelez International's Days Inventory for the three months ended in Sep. 2024 was 60.88.

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. Mondelez International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.45.

Mondelez International Inventory Turnover Historical Data

The historical data trend for Mondelez International'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.

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Mondelez International Inventory Turnover Chart

Mondelez International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.05

6.21

6.52

6.63

6.36

Mondelez International Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.45	1.57	1.27	1.47	1.50

Mondelez International Inventory Turnover Calculation

Mondelez International's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	22252	/ (	(3381	+	3615)	/	2 )
=	22252	/	3498
=	6.36

Mondelez International's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	6205	/ (	(4009	+	4270)	/	2 )
=	6205	/	4139.5
=	1.50

Mondelez International (LTS:0R0G) 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.

Mondelez International's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	4139.5	/	6205	*	365 / 4
	=	60.88

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.

Mondelez International's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	4139.5	/	9204
	=	0.45

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.

Mondelez International Inventory Turnover Related Terms

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Mondelez International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mondelez International Inc (LTS:0R0G) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MDLZ:USA MDLZ:Mexico 1MDLZ:Italy KTFd:UK KTF:Germany KTF:Germany KTF:Germany KTF:Germany MDLZ:Chile MDLZ34:Brazil MDLZ:Austria

Address

905 West Fulton Market, Suite 200, Chicago, IL, USA, 60607

Website

https://www.mondelezinternational.com

Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (49% of sales), chocolate (30%), gum/candy (12%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2023. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives around one third of revenue from developing markets, just more than one third from Europe, and the remainder from North America.

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