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Ecovyst (Ecovyst) Inventory Turnover : 2.69 (As of Dec. 2023)


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What is Ecovyst Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ecovyst's Cost of Goods Sold for the three months ended in Dec. 2023 was $125.5 Mil. Ecovyst's Average Total Inventories for the quarter that ended in Dec. 2023 was $46.7 Mil. Ecovyst's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ecovyst's Days Inventory for the three months ended in Dec. 2023 was 33.95.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ecovyst's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.


Ecovyst Inventory Turnover Historical Data

The historical data trend for Ecovyst's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ecovyst Inventory Turnover Chart

Ecovyst Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 1.82 3.62 8.15 12.13 11.02

Ecovyst Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.83 2.76 2.64 2.51 2.69

Ecovyst Inventory Turnover Calculation

Ecovyst's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=493.153 / ((44.362 + 45.115) / 2 )
=493.153 / 44.7385
=11.02

Ecovyst's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=125.491 / ((48.263 + 45.115) / 2 )
=125.491 / 46.689
=2.69

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Ecovyst  (NYSE:ECVT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ecovyst's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=46.689/125.491*365 / 4
=33.95

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ecovyst's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=46.689 / 172.808
=0.27

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.


Ecovyst Inventory Turnover Related Terms

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Ecovyst (Ecovyst) Business Description

Traded in Other Exchanges
Address
300 Lindenwood Drive, Valleybrooke Corporate Center, Malvern, PA, USA, 19355-1740
Ecovyst Inc is a provider of catalysts, specialty materials, chemicals, and services that enable environmental improvements, enhance consumer products and increase personal safety. It manufactures specialty inorganic performance chemicals, specialty catalysts, and specialty glass materials. It sells products in the United States and other countries. Its operating segments are Ecoservices and Catalyst Technologies.
Executives
Michael Feehan officer: See Remarks C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Kurt Bitting officer: See Remarks C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Ineos Ltd 10 percent owner 38 HANS CRESCENT, KNIGHTSBRIDGE, LONDON X0 SW1X 0LZ
Ccmp Capital, Lp 10 percent owner 245 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10167
Kyle D Vann director 11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382
Paul Whittleston officer: See Remarks C/O ECOVYST INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Jonny Ginns director C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Robert Coxon director C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Vann George L. Jr. officer: See Remarks C/O ECOVYST INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Thomas Schneberger officer: See Remarks C/O FMC CORP, 2929 WALNUT STREET, PHILADELPHIA PA 19104
Joseph S. Koscinski officer: See Remarks C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Sichko William J. Jr. officer: See Remarks C/O PQ GROUP HOLDINGS INC., 300 LINDENWOOD DRIVE, MALVERN PA 19355
Anna C Catalano director 1313 NORTH MARKET STREET, WILMINGTON DE 19894
David A. Bradley director 15710 JOHN F. KENNDEY BLVD, SUITE 300, HOUSTON TX 77032
Kevin Michael Fogarty director 30 GRAND GARDEN COURT, THE WOODLANDS TX 77381