HF Sinclair Corp (DINO)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 26,548,680 | 27,563,920 | 28,080,960 | 26,991,890 | 26,825,440 | 27,276,680 | 28,753,390 | 31,076,790 | 31,389,210 | 29,081,730 | 24,461,740 | 19,514,190 | 15,760,480 | 13,145,890 | 11,641,480 | 9,247,800 | 9,758,210 | 11,047,520 | 12,172,690 | 14,615,010 |
| Inventory | US$ in thousands | 2,798,000 | 2,687,680 | 3,160,160 | 3,130,880 | 2,921,830 | 3,133,550 | 3,258,610 | 3,448,820 | 3,214,530 | 3,437,150 | 3,625,510 | 3,297,070 | 2,122,130 | 1,887,080 | 1,700,600 | 1,616,850 | 1,173,480 | 1,137,660 | 1,173,700 | 943,635 |
| Inventory turnover | 9.49 | 10.26 | 8.89 | 8.62 | 9.18 | 8.70 | 8.82 | 9.01 | 9.76 | 8.46 | 6.75 | 5.92 | 7.43 | 6.97 | 6.85 | 5.72 | 8.32 | 9.71 | 10.37 | 15.49 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $26,548,680K ÷ $2,798,000K
= 9.49
HF Sinclair Corp's inventory turnover has shown fluctuation over the past few years. The inventory turnover ratio, which indicates how many times a company has sold and replaced its inventory during a period, was relatively high at 15.49 as of March 31, 2020. However, it decreased to 5.72 by March 31, 2021, indicating a significant slowdown in inventory turnover.
Subsequently, there was a gradual increase in the inventory turnover ratio, reaching 10.26 by September 30, 2024. Overall, the inventory turnover ratio has displayed variability, with some periods showing higher levels of efficiency in managing inventory turnover than others.
Analyzing the trend of the inventory turnover ratio can provide insights into the company's inventory management practices and its ability to efficiently convert inventory into sales. Further investigation into the factors influencing these fluctuations may help in identifying areas for improvement in inventory control and operational efficiency.