HF Sinclair Corp (DINO)

Inventory turnover is a key financial ratio that measures how efficiently a company manages its inventory by calculating the number of times it sells and replaces its inventory within a given period. In the case of HF Sinclair Corp., the inventory turnover ratio has shown some fluctuations over the past quarters.

In Q4 2023, HF Sinclair Corp. recorded an inventory turnover of 8.92, a slight increase from the previous quarter at 8.47. This suggests that the company sold and replaced its inventory nearly 9 times during the quarter. Despite the increase, the ratio remains relatively stable over the recent quarters, indicating consistent inventory management practices.

Comparing Q4 2023 to the same period in the previous year, there has been a decline in inventory turnover from 9.56 to 8.92. This could imply that HF Sinclair Corp. took longer to sell and replace its inventory in Q4 2023 compared to Q4 2022.

Looking at the trend over the past year, there was a notable improvement in inventory turnover from Q1 2022 to Q4 2022, where the ratio increased from 5.76 to 9.56. However, there has been some variability in inventory turnover in the recent quarters, possibly indicating changes in sales patterns or inventory management strategies.

Overall, HF Sinclair Corp. has demonstrated relatively strong inventory turnover ratios, which suggest effective inventory management practices. However, it is important for the company to monitor any fluctuations in the ratio to ensure optimal efficiency in managing its inventory levels.