Dentsply Sirona Inc (XRAY)
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 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,181,000 | 4,016,000 | 4,906,000 | 4,866,000 | 4,757,000 | 4,267,000 | 3,109,000 | 3,122,000 | 3,132,000 | 3,006,000 | 2,952,300 | 2,675,200 | 2,868,200 | 3,516,900 | 3,554,300 | 3,901,400 | 3,763,500 | 3,767,900 | 3,798,100 | 3,966,500 |
| Inventory | US$ in thousands | 624,000 | 651,000 | 657,000 | 659,000 | 627,000 | 592,000 | 581,000 | 553,000 | 515,000 | 548,000 | 539,000 | 1,000 | 476,000 | 489,100 | 548,900 | 590,500 | 562,000 | 605,100 | 608,300 | 618,200 |
| Inventory turnover | 3.50 | 6.17 | 7.47 | 7.38 | 7.59 | 7.21 | 5.35 | 5.65 | 6.08 | 5.49 | 5.48 | 2,675.20 | 6.03 | 7.19 | 6.48 | 6.61 | 6.70 | 6.23 | 6.24 | 6.42 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,181,000K ÷ $624,000K
= 3.50
The inventory turnover for DENTSPLY Sirona Inc has been fairly consistent over the past eight quarters, ranging from a low of 2.74 to a high of 3.41. This ratio indicates that, on average, the company has been able to sell and replace its inventory between 2.74 and 3.41 times during each period. A higher inventory turnover generally suggests that a company is efficiently managing its inventory, as it is selling goods quickly and restocking efficiently. Conversely, a lower turnover may indicate inefficiencies in inventory management, such as overstocking or slow-moving inventory. Overall, DENTSPLY Sirona Inc's inventory turnover has been relatively stable, indicating a consistent approach to managing its inventory levels.
Peer comparison
Dec 31, 2023
Dec 31, 2023