Core Natural Resources, Inc. (CNR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 497,552 | 535,420 | 409,319 | 328,402 | 250,750 |
| Inventory | US$ in thousands | 96,201 | 88,154 | 66,290 | 62,876 | 431,937 |
| Inventory turnover | 5.17 | 6.07 | 6.17 | 5.22 | 0.58 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $497,552K ÷ $96,201K
= 5.17
Core Natural Resources, Inc.'s inventory turnover has demonstrated a positive trend over the last few years, increasing from 0.58 in December 31, 2020, to 5.22 in December 31, 2021, and further improving to 6.17 in December 31, 2022. The company maintained a relatively high inventory turnover ratio of 6.07 in December 31, 2023, signaling efficient management of its inventory. Although there was a slight decrease to 5.17 in December 31, 2024, the overall performance reflects effective inventory management practices. This upward trend in inventory turnover suggests that Core Natural Resources has been successful in selling its inventory more frequently within the respective periods, which may indicate strong demand, effective inventory control, and potentially reduced carrying costs.
Peer comparison
Dec 31, 2024