Dupont De Nemours Inc (DD)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	10,809,000	10,102,000	10,223,000	10,356,000	10,618,000	11,617,000	12,469,000	13,056,000	13,439,000	13,949,000	15,329,000	16,437,000	18,188,000	17,529,000	17,205,000	17,353,000	29,624,000	27,117,000	23,648,000	18,707,000
Inventory	US$ in thousands	2,147,000	2,279,000	2,341,000	2,443,000	2,329,000	2,359,000	2,356,000	2,238,000	2,086,000	2,844,000	2,642,000	2,499,000	2,393,000	3,902,000	4,307,000	4,410,000	4,319,000	4,306,000	4,390,000	16,604,000
Inventory turnover		5.03	4.43	4.37	4.24	4.56	4.92	5.29	5.83	6.44	4.90	5.80	6.58	7.60	4.49	3.99	3.93	6.86	6.30	5.39	1.13

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,809,000K ÷ $2,147,000K
= 5.03

The inventory turnover for DuPont de Nemours Inc has shown a declining trend over the past eight quarters, decreasing from 4.65 in Q1 2022 to 3.65 in Q4 2023. This indicates that the company is taking longer to sell its inventory. It is important to note that a decreasing inventory turnover ratio may suggest overstocking, obsolescence, or weak demand for the company's products. Management should closely monitor inventory levels and optimize inventory management processes to improve efficiency in turning over inventory and potentially increase sales levels.