Church & Dwight Company Inc (CHD)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,279,400 | 3,125,600 | 2,926,600 | 2,681,600 | 2,373,700 |
| Inventory | US$ in thousands | 613,300 | 646,600 | 535,400 | 495,400 | 417,400 |
| Inventory turnover | 5.35 | 4.83 | 5.47 | 5.41 | 5.69 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,279,400K ÷ $613,300K
= 5.35
The inventory turnover ratio for Church & Dwight Co., Inc. has shown a fluctuating trend over the past five years. In 2023, the inventory turnover ratio increased to 5.35 from 4.83 in 2022. This indicates that the company sold and replaced its inventory 5.35 times during 2023.
The inventory turnover ratios for the years 2021, 2020, and 2019 were 5.47, 5.41, and 5.69 respectively. These consistent ratios suggest that the company has been efficiently managing its inventory turnover over the years, selling and replenishing stock at a steady pace.
Overall, Church & Dwight Co., Inc. has demonstrated a relatively stable and effective performance in managing its inventory turnover, which is crucial for optimizing working capital and ensuring operational efficiency.
Peer comparison
Dec 31, 2023