Chemed Corp (CHE)
Inventory turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,613,400 | 1,608,460 | 1,576,470 | 1,542,641 | 1,511,371 | 1,481,141 | 1,456,826 | 1,441,402 | 1,404,030 | 1,369,877 | 1,356,635 | 1,351,865 | 1,365,537 | 1,369,458 | 1,368,179 | 1,365,255 | 1,366,925 | 1,378,197 | 1,390,503 | 1,379,446 |
| Inventory | US$ in thousands | 8,193 | 8,193 | 9,899 | 10,735 | 10,712 | 12,004 | 12,511 | 11,684 | 10,663 | 10,272 | 10,469 | 10,696 | 10,540 | 10,109 | 8,394 | 7,411 | 6,777 | 7,095 | 7,546 | 7,467 |
| Inventory turnover | 196.92 | 196.32 | 159.26 | 143.70 | 141.09 | 123.39 | 116.44 | 123.37 | 131.67 | 133.36 | 129.59 | 126.39 | 129.56 | 135.47 | 162.99 | 184.22 | 201.70 | 194.25 | 184.27 | 184.74 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,613,400K ÷ $8,193K
= 196.92
Chemed Corp's inventory turnover has displayed fluctuating patterns over the past few years. From June 30, 2020, to March 31, 2025, the inventory turnover ratio ranged from a high of 201.70 to a low of 116.44. Generally, a higher inventory turnover ratio signifies that the company is selling its inventory more efficiently.
During the period under review, the inventory turnover ratio experienced a peak in March 31, 2025, at 196.92. This indicates that Chemed Corp is effectively managing its inventory levels and turning over its inventory at a rapid pace, which is a positive sign for the company's operational efficiency.
On the other hand, a decline in inventory turnover ratios observed in some quarters, such as September 30, 2021, to December 31, 2024, may suggest slower sales or potential issues with inventory management during those periods.
Overall, a consistent monitoring of Chemed Corp's inventory turnover ratio can provide insights into the company's operational efficiency and effectiveness in managing its inventory levels.
Peer comparison
Mar 31, 2025
Mar 31, 2025