Quaker Chemical Corporation (KWR)
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 | 1,669,876 | 1,671,934 | 1,693,272 | 1,726,106 | 1,762,651 | 1,924,905 | 1,927,481 | 1,934,656 | 1,914,205 | 1,794,768 | 1,760,182 | 1,696,961 | 1,637,341 | 1,578,201 | 1,495,799 | 1,380,953 | 1,385,668 | 1,424,733 | 1,426,993 | 1,316,918 |
| Inventory | US$ in thousands | 227,472 | 244,988 | 239,141 | 240,466 | 233,857 | 250,770 | 274,940 | 293,494 | 284,848 | 317,140 | 313,442 | 299,795 | 264,531 | 254,894 | 242,809 | 207,778 | 187,764 | 171,327 | 173,867 | 177,868 |
| Inventory turnover | 7.34 | 6.82 | 7.08 | 7.18 | 7.54 | 7.68 | 7.01 | 6.59 | 6.72 | 5.66 | 5.62 | 5.66 | 6.19 | 6.19 | 6.16 | 6.65 | 7.38 | 8.32 | 8.21 | 7.40 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,669,876K ÷ $227,472K
= 7.34
Quaker Chemical Corporation's inventory turnover has shown some fluctuations over the years, ranging from a low of 5.62 on June 30, 2022, to a high of 8.32 on September 30, 2020. Overall, the trend indicates a gradual decline in inventory turnover, with the latest reported figure being 7.34 on December 31, 2024. This suggests that the company's inventory is turning over less frequently compared to previous periods. A lower inventory turnover may imply potential issues with inventory management, such as overstocking or slow-moving inventory. Quaker Chemical Corporation should monitor this trend closely to ensure efficient inventory management and avoid excessive holding costs.
Peer comparison
Dec 31, 2024
Dec 31, 2024