Minerals Technologies Inc (MTX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,570,800 | 1,673,500 | 1,660,500 | 1,411,800 | 1,189,400 |
| Inventory | US$ in thousands | 342,100 | 325,400 | 348,800 | 298,300 | 248,200 |
| Inventory turnover | 4.59 | 5.14 | 4.76 | 4.73 | 4.79 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,570,800K ÷ $342,100K
= 4.59
Minerals Technologies Inc's inventory turnover has shown some fluctuations over the past five years. The company's inventory turnover ratio was 4.79 in 2020, slightly decreasing to 4.73 in 2021, before increasing to 4.76 in 2022. In 2023, there was a notable improvement as the inventory turnover ratio rose to 5.14, indicating that the company managed to sell its inventory more efficiently during that period. However, in 2024, the inventory turnover ratio dropped to 4.59, suggesting a decrease in the company's ability to turn its inventory into sales in that year. Overall, the trend in the inventory turnover ratio for Minerals Technologies Inc reflects some variability, with both improvements and declines in the efficiency of managing its inventory levels over the five-year period.
Peer comparison
Dec 31, 2024