Dana Inc (DAN)
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 | 9,429,000 | 9,556,000 | 9,758,000 | 9,743,000 | 9,655,000 | 9,700,000 | 9,599,000 | 9,525,000 | 9,393,000 | 9,163,000 | 8,829,000 | 8,379,000 | 8,108,000 | 7,860,000 | 7,642,000 | 6,777,000 | 6,485,000 | 6,352,000 | 6,454,000 | 7,346,000 |
| Inventory | US$ in thousands | 1,547,000 | 1,714,000 | 1,602,000 | 1,625,000 | 1,676,000 | 1,713,000 | 1,731,000 | 1,723,000 | 1,609,000 | 1,603,000 | 1,594,000 | 1,631,000 | 1,564,000 | 1,546,000 | 1,435,000 | 1,260,000 | 1,149,000 | 1,087,000 | 1,116,000 | 1,213,000 |
| Inventory turnover | 6.10 | 5.58 | 6.09 | 6.00 | 5.76 | 5.66 | 5.55 | 5.53 | 5.84 | 5.72 | 5.54 | 5.14 | 5.18 | 5.08 | 5.33 | 5.38 | 5.64 | 5.84 | 5.78 | 6.06 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,429,000K ÷ $1,547,000K
= 6.10
Dana Inc's inventory turnover ratio has been fairly stable over the past few years, ranging between 5.08 and 6.10 times. This ratio indicates how efficiently the company is managing its inventory by measuring how many times the company sells and replaces its inventory during a specific period. A higher inventory turnover ratio typically suggests that the company is effectively managing its inventory levels and selling products quickly.
Based on the data provided, Dana Inc's inventory turnover has shown some fluctuations, with a slight decrease in the ratio in the most recent quarters. The average inventory turnover for the period indicates that the company is turning over its inventory approximately 5.6 times annually.
Overall, the inventory turnover ratio for Dana Inc appears to be within a reasonable range, and although it has experienced some variations, it is essential to monitor this metric to ensure continued efficiency in inventory management and sales operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024