Dentsply Sirona Inc (XRAY)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,835,000 | 1,879,000 | 1,795,000 | 1,890,000 | 1,685,000 |
| Inventory | US$ in thousands | 564,000 | 624,000 | 627,000 | 504,000 | 466,000 |
| Inventory turnover | 3.25 | 3.01 | 2.86 | 3.75 | 3.62 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,835,000K ÷ $564,000K
= 3.25
The inventory turnover ratio for Dentsply Sirona Inc has fluctuated over the past five years. It was 3.62 in December 31, 2020, increased to 3.75 in December 31, 2021, then decreased to 2.86 in December 31, 2022, slightly improved to 3.01 in December 31, 2023, and finally rose to 3.25 in December 31, 2024. A higher inventory turnover ratio generally indicates that the company is selling its inventory more efficiently.
Overall, Dentsply Sirona Inc has shown some positive trends in managing its inventory turnover, with the ratio improving over the years. However, the decrease in 2022 followed by a gradual recovery signals a fluctuating pattern that may require further analysis to understand the underlying reasons and potential impact on the company's operations and financial performance.
Peer comparison
Dec 31, 2024