Owens Corning Inc (OC)
Inventory turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,450,000 | 5,401,000 | 5,485,000 | 5,541,000 | 5,526,000 | 6,632,000 | 6,413,000 | 6,167,000 | 5,911,000 | 5,653,000 | 5,463,000 | 5,124,000 | 4,948,000 | 5,313,000 | 5,308,000 | 5,504,000 | 5,551,000 | 5,555,000 | 5,503,000 | 5,431,000 |
| Inventory | US$ in thousands | 1,198,000 | 1,232,000 | 1,288,000 | 1,340,000 | 1,334,000 | 1,322,000 | 1,254,000 | 1,147,000 | 1,078,000 | 949,000 | 887,000 | 854,000 | 855,000 | 886,000 | 951,000 | 1,062,000 | 1,033,000 | 1,031,000 | 1,058,000 | 1,109,000 |
| Inventory turnover | 4.55 | 4.38 | 4.26 | 4.14 | 4.14 | 5.02 | 5.11 | 5.38 | 5.48 | 5.96 | 6.16 | 6.00 | 5.79 | 6.00 | 5.58 | 5.18 | 5.37 | 5.39 | 5.20 | 4.90 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,450,000K ÷ $1,198,000K
= 4.55
Owens Corning's inventory turnover ratio has shown stability over the past eight quarters, ranging from 5.30 to 5.84. This indicates that the company is efficiently managing its inventory by converting it into sales multiple times throughout the year. The slight fluctuations in the ratio may be due to seasonal variations or changes in demand for Owens Corning's products. Overall, the consistently high inventory turnover ratio suggests effective inventory control and good sales performance, which is a positive indicator of the company's operational efficiency.