Sotera Health Co (SHC)

Sotera Health Co's inventory turnover ratio has displayed fluctuations over the past five years. The trend indicates that the company takes approximately 9 to 12 days to sell and replace its inventory. A higher inventory turnover ratio is generally preferable as it suggests efficient management of inventory levels.

In 2023, the inventory turnover ratio decreased to 9.77 from 12.03 in 2022, indicating a potential decrease in the speed at which the company is selling and replacing its inventory. This may suggest challenges in managing inventory effectively during the period. However, the ratio is still within a reasonable range compared to 2021.

In 2022, there was a significant improvement in the inventory turnover ratio to 12.03 from 7.60 in 2021, indicating more efficient inventory management. This could suggest better sales performance or inventory control measures during the year.

In 2021, the inventory turnover ratio decreased to 7.60 from 10.99 in 2020, indicating a potential slowdown in inventory turnover. The decline may signal potential challenges in selling goods or managing inventory levels efficiently during the period.

In 2020, the company's inventory turnover ratio increased to 10.99 from 10.24 in 2019, showing an improvement in the speed at which inventory is being sold and replaced. This suggests better inventory management practices or an increase in sales volume during the year.

In 2019, the inventory turnover ratio was relatively stable at 10.24, indicating consistent inventory management practices throughout the year.

Overall, Sotera Health Co's inventory turnover has varied in recent years, with fluctuations that may reflect changes in sales volumes, inventory management strategies, or market conditions. Further analysis and comparison with industry benchmarks could provide additional insights into the company's inventory management efficiency.

Peer comparison

Dec 31, 2023