Minerals Technologies Inc (MTX)
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 | 1,570,800 | 1,584,600 | 1,609,800 | 1,636,000 | 1,662,800 | 1,673,500 | 1,682,400 | 1,688,600 | 1,660,600 | 1,621,600 | 1,557,900 | 1,468,400 | 1,411,800 | 1,361,400 | 1,291,400 | 1,219,500 | 1,189,400 | 1,201,400 | 1,249,600 | 1,333,100 |
| Inventory | US$ in thousands | 342,100 | 342,200 | 333,000 | 326,000 | 325,400 | 337,500 | 354,700 | 370,100 | 348,800 | 344,600 | 339,900 | 333,800 | 298,300 | 282,100 | 261,900 | 247,300 | 248,200 | 255,200 | 269,800 | 252,000 |
| Inventory turnover | 4.59 | 4.63 | 4.83 | 5.02 | 5.11 | 4.96 | 4.74 | 4.56 | 4.76 | 4.71 | 4.58 | 4.40 | 4.73 | 4.83 | 4.93 | 4.93 | 4.79 | 4.71 | 4.63 | 5.29 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,570,800K ÷ $342,100K
= 4.59
Minerals Technologies Inc's inventory turnover ratio has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio is a measure of how efficiently the company manages its inventory levels by indicating how many times it sells and replaces its inventory during a specific period.
The inventory turnover ratio for Minerals Technologies Inc ranged from 4.40 to 5.29 during this period. A higher inventory turnover ratio suggests that the company is selling goods more quickly, potentially indicating strong sales, effective inventory management, and less risk of obsolete inventory.
During the period under review, the inventory turnover ratio peaked at 5.29 on March 31, 2020, and gradually declined to 4.59 by December 31, 2024. The decrease in the ratio may imply slower sales, higher inventory levels, or challenges in managing inventory efficiently.
Overall, despite some fluctuations, the inventory turnover ratio for Minerals Technologies Inc remained relatively stable within the range of 4.40 to 5.29. Analysts may further investigate the reasons behind the changes in the ratio to assess the company's inventory management practices and operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024