Chemours Co (CC)
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 | 5,948,000 | 6,210,000 | 6,223,000 | 6,218,000 | 6,365,000 | 6,393,000 | 6,304,000 | 6,227,000 | 6,082,000 | 5,966,000 | 5,659,000 | 4,756,000 | 4,603,000 | 4,526,000 | 4,675,000 | 4,876,000 | 4,989,000 | 4,850,000 | 4,948,000 | 5,134,000 |
| Inventory | US$ in thousands | 1,352,000 | 1,314,000 | 1,446,000 | 1,486,000 | 1,404,000 | 1,321,000 | 1,219,000 | 1,166,000 | 1,099,000 | 1,016,000 | 1,046,000 | 988,000 | 939,000 | 993,000 | 1,074,000 | 1,114,000 | 1,079,000 | 1,223,000 | 1,250,000 | 1,218,000 |
| Inventory turnover | 4.40 | 4.73 | 4.30 | 4.18 | 4.53 | 4.84 | 5.17 | 5.34 | 5.53 | 5.87 | 5.41 | 4.81 | 4.90 | 4.56 | 4.35 | 4.38 | 4.62 | 3.97 | 3.96 | 4.22 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,948,000K ÷ $1,352,000K
= 4.40
The inventory turnover ratio for Chemours Co has fluctuated over the past few years, ranging between 3.96 and 5.87. This ratio indicates how effectively the company is managing its inventory levels by showing how many times the company's inventory is sold and replaced over a certain period.
A high inventory turnover ratio generally signifies efficient inventory management, as it implies that the company is selling and replenishing its inventory quickly. On the other hand, a low ratio could suggest overstocking or slower sales.
In the case of Chemours Co, the inventory turnover ratio has shown some variability but has generally been above 4. This indicates that the company has been able to effectively manage its inventory levels and turn over its stock multiple times throughout the year. However, it is important to note that a consistent upward or downward trend in the ratio over time would provide more insights into the company's inventory management efficiency.
Overall, based on the historical data provided, Chemours Co appears to have maintained a reasonably healthy level of inventory turnover, which is a positive sign for the company's operations and financial health.
Peer comparison
Dec 31, 2023
Dec 31, 2023