PPG Industries Inc (PPG)
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 | 9,551,000 | 10,672,000 | 10,761,000 | 10,738,000 | 10,745,000 | 10,837,000 | 10,906,000 | 10,994,000 | 11,096,000 | 11,165,000 | 11,077,000 | 10,752,000 | 10,286,000 | 9,734,000 | 9,027,000 | 8,101,000 | 7,777,000 | 7,748,000 | 7,903,000 | 8,488,000 |
| Inventory | US$ in thousands | 1,846,000 | 2,263,000 | 2,299,000 | 2,331,000 | 2,127,000 | 2,217,000 | 2,506,000 | 2,599,000 | 2,272,000 | 2,411,000 | 2,481,000 | 2,439,000 | 2,171,000 | 2,249,000 | 2,226,000 | 1,914,000 | 1,735,000 | 1,672,000 | 1,706,000 | 1,859,000 |
| Inventory turnover | 5.17 | 4.72 | 4.68 | 4.61 | 5.05 | 4.89 | 4.35 | 4.23 | 4.88 | 4.63 | 4.46 | 4.41 | 4.74 | 4.33 | 4.06 | 4.23 | 4.48 | 4.63 | 4.63 | 4.57 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,551,000K ÷ $1,846,000K
= 5.17
The inventory turnover ratio for PPG Industries Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates the number of times the company's inventory is sold and replaced during the specified time frame.
The inventory turnover ratio started at 4.57 on March 31, 2020, increased slightly to 4.63 by June 30, 2020, and remained steady at this level until September 30, 2020. However, it decreased to 4.48 by December 31, 2020. It further declined to 4.23 on March 31, 2021, and continued to decrease over the next two quarters, reaching 4.06 by June 30, 2021.
From September 30, 2021, the inventory turnover ratio started to improve, gradually increasing to 4.74 by December 31, 2021, and 4.88 by March 31, 2022. Although there was a slight drop to 4.41 on June 30, 2022, the ratio bounced back to 4.46 by September 30, 2022, and 4.63 by December 31, 2022.
The trend of inventory turnover continued to rise, reaching 5.05 on December 31, 2023, and further increasing to 4.61 on March 31, 2024. The ratio improved to 4.68 on June 30, 2024, and 4.72 on September 30, 2024, before peaking at 5.17 on December 31, 2024.
Overall, the inventory turnover ratio for PPG Industries Inc has displayed variability over the period, with some fluctuations reflecting changes in the efficiency of managing and selling inventory. The increasing trend towards the end of the period indicates a positive development in the company's inventory management, demonstrating an improvement in inventory turnover efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024