CF Industries Holdings Inc (CF)
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 | 3,913,000 | 3,957,000 | 3,927,000 | 4,005,000 | 4,060,000 | 4,368,000 | 4,877,000 | 5,304,000 | 5,325,000 | 5,358,000 | 4,875,000 | 4,562,000 | 4,151,000 | 3,688,000 | 3,530,000 | 3,315,000 | 3,323,000 | 3,223,000 | 3,269,000 | 3,402,000 |
| Inventory | US$ in thousands | 314,000 | 301,000 | 302,000 | 271,000 | 299,000 | 318,000 | 319,000 | 430,000 | 474,000 | 500,000 | 497,000 | 488,000 | 408,000 | 418,000 | 290,000 | 379,000 | 287,000 | 298,000 | 273,000 | 379,000 |
| Inventory turnover | 12.46 | 13.15 | 13.00 | 14.78 | 13.58 | 13.74 | 15.29 | 12.33 | 11.23 | 10.72 | 9.81 | 9.35 | 10.17 | 8.82 | 12.17 | 8.75 | 11.58 | 10.82 | 11.97 | 8.98 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,913,000K ÷ $314,000K
= 12.46
CF Industries Holdings Inc's inventory turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio indicates how efficiently the company manages its inventory by measuring how many times the inventory is sold and replaced within a given period.
From March 31, 2020, to June 30, 2021, the inventory turnover ratio saw a general increasing trend, indicating that the company was effectively managing its inventory during this period. However, from September 30, 2021, to March 31, 2024, the inventory turnover ratio experienced some fluctuations, reaching its peak of 15.29 on June 30, 2023.
Despite these fluctuations, the average inventory turnover ratio over the period reveals that the company has generally been efficient in managing its inventory. A high inventory turnover ratio generally indicates that the company is maintaining low levels of inventory relative to its sales, which can be a positive sign of efficient operations and strong demand for its products.
Overall, the inventory turnover ratio for CF Industries Holdings Inc reflects both efficient management of inventory and changes in demand over the analyzed period, showcasing the company's ability to adapt to market conditions and maintain inventory levels in a way that supports business operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024