Celanese Corporation (CE)
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 | 9,612,000 | 9,638,000 | 9,251,000 | 8,805,000 | 8,212,000 | 7,677,000 | 7,436,000 | 7,053,000 | 6,534,000 | 6,146,000 | 5,630,000 | 5,122,000 | 4,915,000 | 4,809,000 | 4,905,000 | 5,183,000 | 5,291,000 | 5,448,000 | 5,534,000 | 5,624,000 |
| Inventory | US$ in thousands | 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 | 1,038,000 | 994,000 | 1,011,000 | 1,009,000 |
| Inventory turnover | 4.08 | 4.12 | 3.68 | 3.20 | 2.92 | 4.46 | 4.34 | 4.55 | 4.29 | 5.30 | 5.04 | 5.00 | 5.03 | 4.80 | 4.76 | 5.00 | 5.10 | 5.48 | 5.47 | 5.57 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,612,000K ÷ $2,357,000K
= 4.08
Celanese Corp's inventory turnover has fluctuated over the past eight quarters, ranging from 2.60 to 4.09 times. The inventory turnover ratio indicates the efficiency with which the company manages its inventory levels and converts them into sales.
In Q1 2022, the inventory turnover ratio was at its peak of 4.09, suggesting that the company was able to sell and replace its inventory multiple times within the quarter. However, in subsequent quarters, the ratio declined, reaching its lowest point of 2.60 in Q4 2022.
The increasing trend from Q4 2022 to Q3 2023 showed improved inventory management efficiency, with the ratio climbing from 2.60 to 3.57. While there was a slight dip in Q4 2023 compared to the previous quarter, the inventory turnover remained relatively stable at around 3.5 times.
Overall, Celanese Corp's inventory turnover has demonstrated varying levels of efficiency in managing its inventory over the quarters, with recent improvements indicating better control and utilization of inventory assets.
Peer comparison
Dec 31, 2023
Dec 31, 2023