Church & Dwight Company Inc (CHD)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,317,000 | 3,279,400 | 3,125,600 | 2,926,600 | 2,681,600 |
| Inventory | US$ in thousands | 613,300 | 613,300 | 646,600 | 535,400 | 495,400 |
| Inventory turnover | 5.41 | 5.35 | 4.83 | 5.47 | 5.41 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,317,000K ÷ $613,300K
= 5.41
The inventory turnover ratio for Church & Dwight Company Inc has shown a relatively stable trend over the past five years. The ratio increased from 5.41 in December 2020 to 5.47 in December 2021, indicating an improvement in the company's efficiency in managing its inventory. However, there was a slight decline in the inventory turnover ratio to 4.83 in December 2022 before it picked up again to 5.35 in December 2023 and remained consistent at 5.41 in December 2024.
Overall, the company's inventory turnover suggests that it is efficiently managing its inventory levels and turning over its inventory multiple times during the year. A higher inventory turnover ratio generally indicates that the company is selling its inventory quickly and efficiently, which can lead to lower carrying costs and potential for increased profitability. However, it is important for Church & Dwight Company Inc to continue monitoring and optimizing its inventory management practices to ensure efficient operations and profitability in the future.
Peer comparison
Dec 31, 2024