Sylvamo Corp (SLVM)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,357,000 | 2,354,000 | 2,354,000 | 2,200,000 | 2,214,000 | 2,208,000 | 2,075,000 | |||
| Inventory | US$ in thousands | 404,000 | 456,000 | 486,000 | 506,000 | 364,000 | 338,000 | 304,000 | 376,000 | 279,000 | 344,000 |
| Inventory turnover | 5.83 | 5.16 | 4.84 | 4.35 | 6.08 | 6.53 | 6.83 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,357,000K ÷ $404,000K
= 5.83
Sylvamo Corp's inventory turnover ratio has displayed fluctuations over the past five quarters, ranging from a low of 5.25 in Q1 2023 to a high of 7.20 in Q4 2022. The average inventory turnover ratio during this period was approximately 6.27. A higher inventory turnover ratio indicates that the company is selling its inventory more frequently within a given time period, which can be a positive sign of efficient inventory management. Conversely, a lower ratio may suggest slower inventory turnover and potentially excess or obsolete inventory. It would be important to further investigate the reasons behind the fluctuations in Sylvamo Corp's inventory turnover ratio to assess the effectiveness of its inventory management strategies.
Peer comparison
Dec 31, 2023
Dec 31, 2023