Darling Ingredients Inc (DAR)
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 | 5,450,700 | 5,587,570 | 5,745,610 | 5,981,960 | 6,220,030 | 6,410,150 | 6,490,100 | 6,307,660 | 5,887,880 | 5,398,330 | 4,847,230 | 4,465,860 | 4,209,054 | 4,047,534 | 3,826,925 | 3,576,345 | 3,455,263 | 3,283,719 | 3,286,507 | 3,285,876 |
| Inventory | US$ in thousands | 576,837 | 617,847 | 627,692 | 687,485 | 758,739 | 822,765 | 825,130 | 828,789 | 673,621 | 641,980 | 578,402 | 491,694 | 457,465 | 476,295 | 428,203 | 420,659 | 405,922 | 406,805 | 394,708 | 381,432 |
| Inventory turnover | 9.45 | 9.04 | 9.15 | 8.70 | 8.20 | 7.79 | 7.87 | 7.61 | 8.74 | 8.41 | 8.38 | 9.08 | 9.20 | 8.50 | 8.94 | 8.50 | 8.51 | 8.07 | 8.33 | 8.61 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,450,700K ÷ $576,837K
= 9.45
The inventory turnover ratio for Darling Ingredients Inc has exhibited some fluctuations over the period under review. The ratio ranged from a low of 7.61 to a high of 9.45, indicating how many times the company's inventory was sold and replaced during each fiscal period.
An increasing trend in the inventory turnover ratio suggests efficient management of inventory levels, faster sales, and potentially lower carrying costs. On the other hand, a decreasing trend may indicate overstocking, slow-moving inventory, or issues with sales.
Darling Ingredients Inc's inventory turnover ratio peaked at 9.45 on December 31, 2024, indicating a more efficient utilization of inventory compared to previous periods. However, it is essential to analyze the underlying reasons behind these fluctuations to assess the company's inventory management effectiveness and overall operational performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024