Chevron Corp (CVX)

Inventory turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 136,488,000 136,522,000 161,735,000 110,174,000 71,656,000
Inventory US$ in thousands 9,074,000 8,612,000 8,247,000 6,795,000 5,676,000
Inventory turnover 15.04 15.85 19.61 16.21 12.62

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $136,488,000K ÷ $9,074,000K
= 15.04

Based on the inventory turnover data provided for Chevron Corp, the trend indicates a consistent and improving performance in managing its inventory efficiency over the years. The inventory turnover ratio has shown an increasing trend from 12.62 in December 31, 2020, to 16.21 in December 31, 2021, further improving to 19.61 in December 31, 2022. However, there seems to be a slight dip in efficiency with a ratio of 15.85 in December 31, 2023, followed by a minor decrease to 15.04 in December 31, 2024.

Overall, the upward trend in inventory turnover ratios suggests that Chevron Corp has been effectively managing its inventory levels and turning over its stock more frequently in recent years, indicating efficient inventory management practices. The slight fluctuations in the ratios in some years may be due to changes in business operations, market conditions, or industry factors influencing inventory management.


See also:

Chevron Corp Inventory Turnover