Dentsply Sirona Inc (XRAY)
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 | 1,834,000 | 1,865,000 | 1,861,000 | 1,867,000 | 1,879,000 | 1,855,000 | 1,842,000 | 1,806,000 | 1,797,000 | 1,826,000 | 1,865,000 | 1,892,000 | 1,890,000 | 1,906,000 | 1,880,500 | 1,726,000 | 1,684,500 | 1,674,400 | 1,670,000 | 1,824,100 |
| Inventory | US$ in thousands | 564,000 | 619,000 | 608,000 | 613,000 | 624,000 | 651,000 | 657,000 | 659,000 | 627,000 | 592,000 | 581,000 | 541,000 | 504,000 | 532,000 | 539,000 | 500,000 | 466,000 | 489,100 | 548,900 | 590,500 |
| Inventory turnover | 3.25 | 3.01 | 3.06 | 3.05 | 3.01 | 2.85 | 2.80 | 2.74 | 2.87 | 3.08 | 3.21 | 3.50 | 3.75 | 3.58 | 3.49 | 3.45 | 3.61 | 3.42 | 3.04 | 3.09 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,834,000K ÷ $564,000K
= 3.25
The inventory turnover of Dentsply Sirona Inc has exhibited fluctuations over the period from March 31, 2020 to December 31, 2024. The inventory turnover ratio measures how many times a company sells and replaces its average inventory within a specific period.
Analyzing the data provided, we observe that the inventory turnover ratio ranged from a low of 2.74 on March 31, 2023 to a high of 3.75 on December 31, 2021. In general, a higher inventory turnover ratio indicates that the company is managing its inventory efficiently, as it is selling and replenishing its inventory more frequently.
There are certain trends that stand out in the analysis. For instance, the inventory turnover ratio peaked at 3.75 on December 31, 2021, indicating a strong efficiency in managing inventory at that point in time. However, the ratio declined steadily from that point until March 31, 2024, where it was at 3.05, showing a potential inefficiency in handling inventory during this period.
Overall, a consistent and relatively high inventory turnover ratio is desirable as it signifies that the company is efficiently managing its inventory levels to meet demand. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in inventory management.
Peer comparison
Dec 31, 2024
Dec 31, 2024