Ingevity Corp (NGVT)
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 | 1,697,100 | 1,953,200 | 1,943,400 | 1,668,000 | 1,612,300 | 1,442,000 | 1,442,600 | 1,368,600 | 1,335,600 | 1,275,700 | 1,193,000 | 1,142,100 | 1,091,900 | 1,054,900 | 1,005,100 | 965,500 | 944,800 | 936,000 | 970,200 | 1,004,700 |
| Inventory | US$ in thousands | 226,800 | 261,000 | 302,000 | 325,500 | 308,800 | 386,700 | 387,100 | 361,400 | 335,000 | 281,800 | 277,000 | 260,200 | 241,200 | 228,300 | 214,500 | 204,200 | 189,000 | 204,000 | 223,500 | 236,200 |
| Inventory turnover | 7.48 | 7.48 | 6.44 | 5.12 | 5.22 | 3.73 | 3.73 | 3.79 | 3.99 | 4.53 | 4.31 | 4.39 | 4.53 | 4.62 | 4.69 | 4.73 | 5.00 | 4.59 | 4.34 | 4.25 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,697,100K ÷ $226,800K
= 7.48
Ingevity Corp's inventory turnover has shown fluctuations over the given period. The inventory turnover ratio indicates how efficiently a company manages its inventory by measuring the number of times it sells and replaces its inventory during a specific time frame.
The inventory turnover for Ingevity Corp ranged from a low of 3.73 (June 30, 2023) to a high of 7.48 (September 30, 2024). A higher inventory turnover generally reflects a faster-moving inventory and better management of inventory levels.
Overall, there are variations in the inventory turnover ratio for Ingevity Corp over the period analyzed. It is important to consider the reasons behind these fluctuations, such as changes in demand, production issues, or inventory management practices, to assess the company's efficiency in managing its inventory effectively.
Peer comparison
Dec 31, 2024
Dec 31, 2024