Celanese Corporation (CE)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,924,000 | 8,337,000 | 7,293,000 | 5,855,000 | 4,362,000 |
| Inventory | US$ in thousands | 2,284,000 | 2,357,000 | 2,808,000 | 1,524,000 | 978,000 |
| Inventory turnover | 3.47 | 3.54 | 2.60 | 3.84 | 4.46 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $7,924,000K ÷ $2,284,000K
= 3.47
The inventory turnover of Celanese Corporation has shown some fluctuations over the five-year period from December 31, 2020, to December 31, 2024.
- In 2020, the inventory turnover was relatively high at 4.46, indicating that the company sold and replaced its inventory 4.46 times during the year.
- The turnover ratio decreased to 3.84 in 2021, suggesting a somewhat slower rate of inventory turnover compared to the previous year.
- The trend continued downward in 2022, with the inventory turnover decreasing to 2.60, indicating that the company took longer to sell and replace its inventory during that period.
- However, there was a slight improvement in 2023 as the inventory turnover increased to 3.54, signaling an increase in efficiency in managing inventory.
- By the end of 2024, the turnover ratio remained relatively stable at 3.47, indicating that the company was able to maintain a consistent pace of inventory turnover.
Overall, the inventory turnover of Celanese Corporation experienced fluctuations during the period analyzed, with some years showing better efficiency in managing inventory than others. It is important for the company to closely monitor and improve its inventory turnover to ensure optimal utilization of resources and maintain profitability.
Peer comparison
Dec 31, 2024