LyondellBasell Industries NV (LYB)

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	35,890,000	36,083,000	36,180,000	35,863,000	35,849,000	36,265,000	38,176,000	41,575,000	43,847,000	45,425,000	44,446,000	40,855,000	37,397,000	33,175,000	28,951,000	25,169,000	24,359,000	24,691,000	26,075,000	28,723,000
Inventory	US$ in thousands	4,658,000	5,261,000	5,073,000	4,853,000	4,765,000	4,911,000	5,195,000	5,158,000	4,804,000	5,153,000	5,097,000	4,979,000	4,901,000	4,982,000	4,840,000	4,632,000	4,344,000	4,005,000	3,768,000	3,973,000
Inventory turnover		7.71	6.86	7.13	7.39	7.52	7.38	7.35	8.06	9.13	8.82	8.72	8.21	7.63	6.66	5.98	5.43	5.61	6.17	6.92	7.23

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $35,890,000K ÷ $4,658,000K
= 7.71

The inventory turnover ratio of LyondellBasell Industries NV has shown a fluctuating trend over the past few years. The ratio decreased from 7.23 in March 2020 to a low of 5.43 in March 2021, indicating a slower rate of inventory turnover during this period.

Subsequently, the inventory turnover ratio started to improve, reaching a peak of 9.13 by December 2022. This suggests that the company was more efficient in managing its inventory and converting it into sales during that time frame.

However, the ratio slightly decreased to 7.52 by December 2023 before experiencing some volatility in the following quarters. By December 2024, the inventory turnover ratio stood at 7.71, showing a slight increase compared to the previous period.

Overall, the inventory turnover of LyondellBasell Industries NV has demonstrated some variability, indicating fluctuations in the company's inventory management efficiency and sales performance over the analyzed period. Further analysis and comparison with industry benchmarks could provide more insights into the company's inventory performance.