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
Company name
Symbol
Inventory turnover
Dupont De Nemours Inc
DD
5.04
AdvanSix Inc
ASIX
6.93
Albemarle Corp
ALB
3.90
Avient Corp
AVNT
8.80
Dow Inc
DOW
6.97
Eastman Chemical Company
EMN
4.25
Hexcel Corporation
HXL
4.58
Rogers Corporation
ROG
5.68