Darling Ingredients Inc (DAR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 5,450,700 | 6,220,070 | 5,896,350 | 4,209,050 | 3,455,270 |
| Inventory | US$ in thousands | 576,837 | 758,739 | 673,621 | 457,465 | 405,922 |
| Inventory turnover | 9.45 | 8.20 | 8.75 | 9.20 | 8.51 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $5,450,700K ÷ $576,837K
= 9.45
The inventory turnover ratio for Darling Ingredients Inc has shown a stable trend over the past five years, ranging from 8.20 to 9.45. This indicates that the company efficiently manages its inventory by selling and replenishing stock effectively. In particular, the inventory turnover ratio increased from 8.51 in 2020 to 9.20 in 2021, showcasing improved efficiency in converting inventory into sales. Although the ratio dipped slightly to 8.75 in 2022 and 8.20 in 2023, the company rebounded with a stronger performance of 9.45 in 2024. Overall, the consistent and relatively high inventory turnover ratios suggest that Darling Ingredients Inc effectively controls its inventory levels and optimizes its operations in the supply chain management process.
Peer comparison
Dec 31, 2024