FMC Corporation (FMC)
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 | 2,592,200 | 2,603,000 | 2,524,700 | 2,459,100 | 2,655,800 | 2,881,800 | 3,180,800 | 3,460,400 | 3,475,500 | 3,338,000 | 3,119,500 | 2,968,400 | 2,873,500 | 2,725,400 | 2,662,400 | 2,584,800 | 2,590,100 | 2,580,600 | 2,544,300 | 2,567,300 |
| Inventory | US$ in thousands | 1,201,600 | 1,392,100 | 1,435,000 | 1,587,100 | 1,724,600 | 1,998,600 | 2,072,300 | 1,910,900 | 1,651,600 | 1,731,500 | 1,590,400 | 1,590,700 | 1,405,700 | 1,450,500 | 1,398,100 | 1,254,700 | 1,095,600 | 1,155,500 | 1,138,500 | 1,062,700 |
| Inventory turnover | 2.16 | 1.87 | 1.76 | 1.55 | 1.54 | 1.44 | 1.53 | 1.81 | 2.10 | 1.93 | 1.96 | 1.87 | 2.04 | 1.88 | 1.90 | 2.06 | 2.36 | 2.23 | 2.23 | 2.42 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,592,200K ÷ $1,201,600K
= 2.16
FMC Corporation's inventory turnover has exhibited fluctuations over the reporting periods provided in the data. The inventory turnover ratio indicates how many times the company's inventory is sold and replaced over a specific period, reflecting the efficiency of managing inventory levels.
From March 31, 2020, to December 31, 2024, the inventory turnover ratio ranged from a low of 1.44 to a high of 2.42. A decreasing trend is observed in the later periods, suggesting potential inventory management challenges or shifts in sales patterns.
The average inventory turnover ratio over the period can be calculated to provide a more comprehensive understanding of the company's inventory management efficiency. Analyzing the trend and comparing it to industry benchmarks can help assess FMC Corporation's ability to manage its inventory effectively and optimize working capital. Continued monitoring of inventory turnover is recommended to identify any underlying issues and implement appropriate strategies to enhance operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024