Innospec Inc (IOSP)
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 | 1,776,100 | 1,661,200 | 1,685,700 | 1,739,800 | 1,759,700 | 1,765,200 | 1,807,400 | 1,783,000 | 1,744,300 | 1,660,500 | 1,542,100 | 1,439,800 | 1,324,200 | 1,237,700 | 1,143,900 | 1,125,200 | 1,147,400 | 1,204,000 | 1,293,500 | 1,331,600 |
| Inventory | US$ in thousands | 301,000 | 319,300 | 313,500 | 304,300 | 300,100 | 331,500 | 356,700 | 365,700 | 373,100 | 381,800 | 362,200 | 308,200 | 277,600 | 274,100 | 250,500 | 223,100 | 220,000 | 239,800 | 243,600 | 246,000 |
| Inventory turnover | 5.90 | 5.20 | 5.38 | 5.72 | 5.86 | 5.32 | 5.07 | 4.88 | 4.68 | 4.35 | 4.26 | 4.67 | 4.77 | 4.52 | 4.57 | 5.04 | 5.22 | 5.02 | 5.31 | 5.41 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,776,100K ÷ $301,000K
= 5.90
Innospec Inc's inventory turnover ratio is a measure of how efficiently the company manages its inventory. This ratio indicates how many times, on average, the company's inventory is sold and replaced over a specific period.
Based on the data provided:
- Innospec Inc's inventory turnover has shown a relatively stable range between 4.26 to 5.90 over the last few years.
- The highest inventory turnover was recorded on December 31, 2024, at 5.90, indicating that the inventory was turned over approximately 5.90 times during that period.
- The lowest inventory turnover was observed on June 30, 2022, at 4.26, suggesting a slightly slower rate of inventory turnover during that period.
Overall, Innospec Inc's inventory turnover has demonstrated consistent performance within a moderate range, showcasing effective inventory management practices. Improving this ratio further may indicate a better utilization of resources and increased sales efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024