Celanese Corporation (CE)
Inventory turnover
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 7,994,000 | 8,119,000 | 8,143,000 | 8,210,000 | 8,337,000 | 8,345,000 | 8,050,000 | 7,722,000 | 7,293,000 | 6,883,000 | 6,679,000 | 6,335,000 | 5,855,000 | 5,516,000 | 5,049,000 | 4,563,000 | 4,362,000 | 4,263,000 | 4,351,000 | 4,569,000 |
| Inventory | US$ in thousands | 2,284,000 | 2,562,000 | 2,464,000 | 2,354,000 | 2,357,000 | 2,337,000 | 2,514,000 | 2,749,000 | 2,808,000 | 1,723,000 | 1,713,000 | 1,549,000 | 1,524,000 | 1,159,000 | 1,118,000 | 1,025,000 | 978,000 | 1,001,000 | 1,031,000 | 1,036,000 |
| Inventory turnover | 3.50 | 3.17 | 3.30 | 3.49 | 3.54 | 3.57 | 3.20 | 2.81 | 2.60 | 3.99 | 3.90 | 4.09 | 3.84 | 4.76 | 4.52 | 4.45 | 4.46 | 4.26 | 4.22 | 4.41 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,994,000K ÷ $2,284,000K
= 3.50
The inventory turnover of Celanese Corporation has shown fluctuations over the years based on the provided data. The inventory turnover ratio measures how many times a company sells and replaces its inventory during a period. A higher ratio generally indicates better inventory management and efficient sales.
From March 31, 2020, to June 30, 2021, the inventory turnover ratio remained relatively stable, fluctuating between 4.22 and 4.52. This consistency suggests that Celanese was managing its inventory effectively during this period.
However, from September 30, 2021, to December 31, 2022, there was a noticeable decline in the inventory turnover ratio, dropping from 4.76 to 2.60. This decline may indicate potential issues with inventory management, such as overstocking or slow inventory turnover.
From March 31, 2023, to December 31, 2024, the inventory turnover ratio gradually improved, ranging from 2.81 to 3.50. While the ratio increased, it was still below the levels seen in the earlier period, suggesting that Celanese may have made efforts to address inventory management issues but may still need to further enhance efficiency.
Overall, the fluctuations in Celanese Corporation's inventory turnover ratio highlight the importance of monitoring and optimizing inventory management practices to ensure optimal efficiency and financial performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024