Koppers Holdings Inc (KOP)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,979,500 | 1,952,800 | 1,949,000 | 1,899,600 | 1,858,400 | 1,790,800 | 1,697,600 | 1,620,300 | 1,566,500 | 1,544,100 | 1,521,300 | 1,508,000 | 1,526,700 | 1,532,900 | 1,589,800 | 1,634,500 | 1,652,300 | 1,684,400 | 1,661,400 | 1,649,700 |
| Inventory | US$ in thousands | 395,700 | 369,600 | 373,100 | 379,200 | 355,700 | 306,000 | 326,600 | 329,700 | 313,800 | 295,100 | 288,900 | 294,100 | 295,800 | 266,900 | 261,100 | 276,200 | 288,500 | 274,200 | 279,200 | 285,500 |
| Inventory turnover | 5.00 | 5.28 | 5.22 | 5.01 | 5.22 | 5.85 | 5.20 | 4.91 | 4.99 | 5.23 | 5.27 | 5.13 | 5.16 | 5.74 | 6.09 | 5.92 | 5.73 | 6.14 | 5.95 | 5.78 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,979,500K ÷ $395,700K
= 5.00
Based on the data provided, Koppers Holdings Inc's inventory turnover has been relatively stable over the past eight quarters, ranging from a low of 4.23 in Q1 2022 to a high of 5.10 in Q3 2022.
The average inventory turnover ratio for the period is approximately 4.60, which indicates that, on average, the company is able to sell and replace its inventory about 4.60 times per year. A higher inventory turnover ratio generally suggests efficient inventory management and a faster sales cycle.
While the inventory turnover ratio has fluctuated slightly over the quarters, it has generally remained within a narrow range between 4.23 and 5.10. This consistent performance could indicate that Koppers Holdings Inc has a stable demand for its products and maintains an effective inventory control system.
Overall, the inventory turnover ratio analysis suggests that Koppers Holdings Inc is efficiently managing its inventory levels and effectively converting inventory into sales within a reasonable timeframe.
Peer comparison
Dec 31, 2023
Dec 31, 2023