Nucor Corp (NUE)

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	26,619,430	26,481,240	26,649,940	26,795,880	26,899,100	27,214,760	28,017,190	28,685,820	29,009,180	29,223,920	28,473,510	27,098,960	25,458,520	23,158,840	20,677,650	18,311,340	17,911,710	18,066,740	18,532,970	19,704,110
Inventory	US$ in thousands	5,106,000	5,126,490	5,255,840	5,589,680	5,577,760	5,246,360	5,632,320	5,590,850	5,453,530	6,046,240	6,579,140	6,245,680	6,011,180	5,678,720	5,240,750	4,360,120	3,569,090	3,260,680	3,373,260	3,875,590
Inventory turnover		5.21	5.17	5.07	4.79	4.82	5.19	4.97	5.13	5.32	4.83	4.33	4.34	4.24	4.08	3.95	4.20	5.02	5.54	5.49	5.08

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $26,619,430K ÷ $5,106,000K
= 5.21

The inventory turnover ratio for Nucor Corp shows the number of times the company's inventory is sold and replaced over a specific period. From March 31, 2020, to December 31, 2024, the inventory turnover ratio ranged from a low of 3.95 to a high of 5.54.

The trend in the inventory turnover ratio indicates fluctuations in how efficiently Nucor Corp is managing its inventory. A higher turnover ratio suggests that the company is selling its inventory quickly, which can be a positive indication of effective inventory management and liquidity. Conversely, a lower turnover ratio may indicate slow-moving inventory or potential inefficiencies in inventory management.

Overall, Nucor Corp's inventory turnover has shown some variability over the analyzed period, but the company has generally maintained a turnover ratio within a reasonable range, indicating a fair level of efficiency in managing its inventory levels.