Dupont De Nemours Inc (DD)

Inventory turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 10,824,000 10,613,000 13,459,000 18,728,000 18,087,000
Inventory US$ in thousands 2,147,000 2,329,000 2,086,000 2,393,000 4,319,000
Inventory turnover 5.04 4.56 6.45 7.83 4.19

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $10,824,000K ÷ $2,147,000K
= 5.04

DuPont de Nemours Inc's inventory turnover has shown relatively stable performance over the past five years, ranging from 3.25 to 3.77. The company's ability to convert its inventory into sales appears consistent, with the latest figure for 2023 at 3.65. This indicates that, on average, the company is able to sell and replace its inventory approximately 3.65 times during the year. This consistency suggests effective inventory management practices by DuPont de Nemours Inc, ensuring optimal utilization of resources and potentially minimizing carrying costs related to excess inventory.


Peer comparison

Dec 31, 2023


See also:

Dupont De Nemours Inc Inventory Turnover