Autoliv Inc (ALV)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	9,154,000	8,853,000	8,626,000	8,176,000	7,883,000	7,708,000	7,334,000	7,219,000	7,162,000	7,527,800	7,610,400	6,992,500	6,708,500	6,399,600	6,417,200	7,155,000	7,443,400	7,394,700	7,385,700	7,389,300
Inventory	US$ in thousands	1,012,000	982,000	947,000	986,000	969,000	924,000	903,000	913,000	777,000	922,000	901,000	856,000	798,000	713,800	757,800	771,600	741,000	731,800	736,100	741,100
Inventory turnover		9.05	9.02	9.11	8.29	8.14	8.34	8.12	7.91	9.22	8.16	8.45	8.17	8.41	8.97	8.47	9.27	10.05	10.10	10.03	9.97

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,154,000K ÷ $1,012,000K
= 9.05

Autoliv Inc.'s inventory turnover has shown relatively stable performance over the past eight quarters, ranging between 7.42 and 8.61 times. This indicates that the company is effectively managing its inventory levels and converting them into sales efficiently. A higher inventory turnover ratio suggests that Autoliv Inc. is selling its products more frequently within a given period, which is generally seen as a positive sign of operational efficiency. The consistent inventory turnover ratios imply a stable demand for Autoliv's products and effective inventory management practices within the company.