Church & Dwight Company Inc (CHD)
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 | 3,317,000 | 3,289,600 | 3,271,700 | 3,287,900 | 3,279,400 | 3,266,200 | 3,224,200 | 3,188,700 | 3,125,600 | 3,079,600 | 3,044,200 | 2,983,300 | 2,926,600 | 2,877,000 | 2,820,600 | 2,736,400 | 2,681,600 | 2,563,900 | 2,469,800 | 2,433,000 |
| Inventory | US$ in thousands | 613,300 | 658,500 | 627,300 | 595,400 | 613,300 | 671,700 | 675,400 | 653,300 | 646,600 | 675,300 | 663,000 | 598,800 | 535,400 | 552,700 | 555,800 | 541,300 | 495,400 | 497,700 | 455,500 | 395,700 |
| Inventory turnover | 5.41 | 5.00 | 5.22 | 5.52 | 5.35 | 4.86 | 4.77 | 4.88 | 4.83 | 4.56 | 4.59 | 4.98 | 5.47 | 5.21 | 5.07 | 5.06 | 5.41 | 5.15 | 5.42 | 6.15 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,317,000K ÷ $613,300K
= 5.41
Inventory turnover is a key financial ratio that measures how efficiently a company manages its inventory by indicating how many times the company's inventory is sold and replaced over a certain period. For Church & Dwight Company Inc, the inventory turnover has been fluctuating over the years.
The trend shows a gradual decrease in inventory turnover from 6.15 on March 31, 2020, to 5.41 on December 31, 2020. However, there was a slight improvement to 5.47 by the end of December 31, 2021. Subsequently, there was another decline in inventory turnover to 4.56 on September 30, 2022.
Church & Dwight Company Inc managed to increase inventory turnover to 5.52 by March 31, 2024, displaying a positive improvement in inventory management efficiency. However, it dipped slightly to 5.22 by June 30, 2024.
Overall, the company's inventory turnover ratio demonstrates the efficiency of managing its inventory levels. The fluctuations in inventory turnover ratios indicate potential changes in sales demand, production efficiency, or inventory management strategies within the company.
Peer comparison
Dec 31, 2024
Dec 31, 2024