Cabot Corporation (CBT)
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 | 3,048,000 | 3,092,000 | 3,244,000 | 3,413,000 | 3,450,000 | 3,436,000 | 3,270,000 | 3,059,000 | 2,827,000 | 2,610,000 | 2,406,000 | 2,152,000 | 2,081,000 | 2,114,000 | 2,248,000 | 2,474,000 | 2,583,000 | 2,652,000 | 2,635,000 | 2,617,000 |
| Inventory | US$ in thousands | 617,000 | 585,000 | 592,000 | 625,000 | 704,000 | 664,000 | 664,000 | 633,000 | 546,000 | 523,000 | 487,000 | 436,000 | 403,000 | 359,000 | 393,000 | 469,000 | 479,000 | 466,000 | 518,000 | 554,000 |
| Inventory turnover | 4.94 | 5.29 | 5.48 | 5.46 | 4.90 | 5.17 | 4.92 | 4.83 | 5.18 | 4.99 | 4.94 | 4.94 | 5.16 | 5.89 | 5.72 | 5.28 | 5.39 | 5.69 | 5.09 | 4.72 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,048,000K ÷ $617,000K
= 4.94
Cabot Corp.'s inventory turnover has been relatively stable over the past eight quarters, ranging from 4.83 to 5.48. This indicates that, on average, the company sells and replaces its inventory approximately 4.9 to 5.5 times per year. The slight fluctuations in inventory turnover suggest that Cabot Corp. has been able to efficiently manage its inventory levels during this period. The highest turnover was recorded in Q3 2023 at 5.48, while the lowest turnover was in Q2 2022 at 4.83. Overall, the consistent turnover ratios indicate that Cabot Corp. has been effectively balancing its inventory levels to meet demand and control costs.
Peer comparison
Dec 31, 2023
Dec 31, 2023