Ashland Global Holdings Inc (ASH)
Inventory turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,495,000 | 1,536,000 | 1,546,000 | 1,538,000 | 1,523,000 | 1,556,000 | 1,592,000 | 1,570,000 | 1,561,000 | 1,540,000 | 1,506,000 | 1,471,000 | 1,441,000 | 1,286,000 | 1,294,000 | 1,358,000 | 1,417,000 | 1,341,000 | 1,397,000 | 1,453,000 |
| Inventory | US$ in thousands | 545,000 | 532,000 | 550,000 | 588,000 | 626,000 | 712,000 | 730,000 | 724,000 | 629,000 | 609,000 | 573,000 | 530,000 | 473,000 | 517,000 | 512,000 | 537,000 | 506,000 | 617,000 | 611,000 | 633,000 |
| Inventory turnover | 2.74 | 2.89 | 2.81 | 2.62 | 2.43 | 2.19 | 2.18 | 2.17 | 2.48 | 2.53 | 2.63 | 2.78 | 3.05 | 2.49 | 2.53 | 2.53 | 2.80 | 2.17 | 2.29 | 2.30 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,495,000K ÷ $545,000K
= 2.74
Ashland Global Holdings Inc's inventory turnover has shown variability over the analyzed period, ranging from a low of 2.17 to a high of 3.05. The trend indicates some fluctuations, but generally, the company has managed to maintain its inventory turnover above 2.0, which suggests efficient management in converting its inventory into sales. The highest inventory turnover of 3.05 was observed in the quarter ended September 30, 2021, possibly indicating good sales performance relative to the level of inventory held. However, the company should aim to smooth out the fluctuations and potentially improve efficiency further to enhance profitability and liquidity.
Peer comparison
Sep 30, 2024
Sep 30, 2024