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.