Element Solutions Inc (ESI)
Inventory turnover
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,434,400 | 1,421,200 | 1,406,100 | 1,386,000 | 1,398,100 | 1,414,700 | 1,417,400 | 1,456,600 | 1,526,100 | 1,596,700 | 1,651,000 | 1,626,100 | 1,547,100 | 1,439,000 | 1,342,800 | 1,245,100 | 1,121,500 | 1,067,700 | 1,017,200 | 1,002,200 |
| Inventory | US$ in thousands | 269,900 | 246,200 | 285,700 | 335,400 | 319,100 | 298,900 | 322,800 | 332,800 | 322,000 | 290,700 | 309,900 | 337,700 | 323,400 | 274,400 | 316,400 | 280,400 | 243,400 | 203,100 | 211,900 | 210,800 |
| Inventory turnover | 5.31 | 5.77 | 4.92 | 4.13 | 4.38 | 4.73 | 4.39 | 4.38 | 4.74 | 5.49 | 5.33 | 4.82 | 4.78 | 5.24 | 4.24 | 4.44 | 4.61 | 5.26 | 4.80 | 4.75 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,434,400K ÷ $269,900K
= 5.31
The inventory turnover ratio for Element Solutions Inc. exhibits a pattern of modest fluctuations over the analyzed period from June 30, 2020, through March 31, 2025. Initially, the ratio stood at 4.75 in June 2020 and experienced slight increases and decreases in subsequent quarters. Notably, the ratio peaked at 5.49 in December 2022, indicating an improvement in inventory management and efficiency during that period. Throughout 2023 and into 2024, the ratio generally settled within a narrower range of approximately 4.13 to 4.92, reflecting a stabilization in inventory turnover.
Toward the latter part of the period, a significant surge occurred, reaching 5.77 in December 2024, suggesting enhanced inventory utilization or sales efficiency. However, this peak was followed by a slight decrease to 5.31 in March 2025. Overall, the trend indicates periods of improvement followed by stabilization, with the company maintaining moderate inventory turnover ratios that fluctuate within a consistent range. This pattern suggests effective inventory management practices with an ability to adapt to changing operational conditions over the observed timeframe.
Peer comparison
Mar 31, 2025
Mar 31, 2025