SunCoke Energy Inc (SXC)
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 | 1,665,400 | 1,738,100 | 1,769,000 | 1,793,700 | 1,760,200 | 1,722,900 | 1,700,200 | 1,668,900 | 1,604,900 | 1,452,100 | 1,316,000 | 1,182,800 | 1,118,800 | 1,072,900 | 1,033,900 | 1,017,800 | 1,048,200 | 1,129,000 | 1,210,100 | 1,274,600 |
| Inventory | US$ in thousands | 180,800 | 195,900 | 208,300 | 188,200 | 182,600 | 206,800 | 200,400 | 234,800 | 175,200 | 204,900 | 193,100 | 194,100 | 127,000 | 129,300 | 143,800 | 136,100 | 126,600 | 129,700 | 135,200 | 150,100 |
| Inventory turnover | 9.21 | 8.87 | 8.49 | 9.53 | 9.64 | 8.33 | 8.48 | 7.11 | 9.16 | 7.09 | 6.82 | 6.09 | 8.81 | 8.30 | 7.19 | 7.48 | 8.28 | 8.70 | 8.95 | 8.49 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,665,400K ÷ $180,800K
= 9.21
To analyze SunCoke Energy Inc's inventory turnover, we calculated the ratio by dividing the Cost of Goods Sold (COGS) by the average inventory for each reporting period. The inventory turnover ratio indicates how efficiently the company is managing its inventory by measuring how many times the inventory is sold or replaced within a given period.
The trend analysis of SunCoke Energy Inc's inventory turnover from March 31, 2020, to December 31, 2024, shows fluctuations in the ratio over time. The inventory turnover ratio ranged from a low of 6.09 on March 31, 2022, to a high of 9.64 on December 31, 2023. Generally, a higher inventory turnover ratio is preferred as it suggests that the company is selling its inventory quickly.
SunCoke Energy Inc experienced a decrease in inventory turnover from 8.49 on March 31, 2020, to 7.19 on June 30, 2021. However, the ratio improved to 9.21 on December 31, 2024, indicating a more efficient management of inventory towards the end of the analyzed period.
It is important to monitor inventory turnover closely as a low ratio may indicate overstocking, obsolete inventory, or inefficiencies in the supply chain. Conversely, an excessively high ratio may suggest potential stockouts or lost sales opportunities. By tracking and analyzing inventory turnover, SunCoke Energy Inc can make informed decisions regarding inventory management to optimize operational efficiency and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024