Dupont De Nemours Inc (DD)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,879,000 | 7,835,000 | 8,402,000 | 7,971,000 | 13,522,000 |
| Inventory | US$ in thousands | 2,130,000 | 2,147,000 | 2,329,000 | 2,862,000 | 3,726,000 |
| Inventory turnover | 3.70 | 3.65 | 3.61 | 2.79 | 3.63 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $7,879,000K ÷ $2,130,000K
= 3.70
Dupont De Nemours Inc's inventory turnover has shown some fluctuation over the past five years. In December 2020, the inventory turnover was 3.63 times, indicating that the company turned over its inventory approximately 3.63 times during that year. However, by December 2021, the inventory turnover decreased to 2.79 times, suggesting a decrease in the efficiency of managing and selling inventory.
Subsequently, there was a recovery in the inventory turnover, with figures of 3.61 in 2022, 3.65 in 2023, and 3.70 in 2024. These increasing trends indicate an improved efficiency in managing the inventory in those respective years.
Overall, Dupont De Nemours Inc's inventory turnover has generally been within a reasonable range over the past five years, with improvements seen in the later years. This metric is important for assessing how quickly the company is selling its inventory and managing its working capital effectively.
Peer comparison
Dec 31, 2024