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Delek US Holdings (Delek US Holdings) Inventory Turnover : 3.73 (As of Dec. 2023)


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What is Delek US Holdings 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. Delek US Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,036 Mil. Delek US Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,081 Mil. Delek US Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delek US Holdings's Days Inventory for the three months ended in Dec. 2023 was 24.43.

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. Delek US Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.


Delek US Holdings Inventory Turnover Historical Data

The historical data trend for Delek US Holdings'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.

Delek US Holdings Inventory Turnover Chart

Delek US Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.35 9.03 10.46 13.92 12.96

Delek US Holdings 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 2.82 2.60 3.12 3.61 3.73

Delek US Holdings Inventory Turnover Calculation

Delek US Holdings'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 )
=16205.4 / ((1518.5 + 981.9) / 2 )
=16205.4 / 1250.2
=12.96

Delek US Holdings'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 )
=4035.8 / ((1179.2 + 981.9) / 2 )
=4035.8 / 1080.55
=3.73

* 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.


Delek US Holdings  (NYSE:DK) 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.

Delek US Holdings'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
=1080.55/4035.8*365 / 4
=24.43

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.

Delek US Holdings'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 )
=1080.55 / 4049.1
=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.


Delek US Holdings Inventory Turnover Related Terms

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Delek US Holdings (Delek US Holdings) Business Description

Traded in Other Exchanges
Address
310 Seven Springs Way, Suite 400 and 500, Brentwood, TN, USA, 37027
Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation, and storage; wholesale crude oil, intermediate, and refined products, and convenience store retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. Delek's logistics segment sells portions of the petroleum products its refineries produce. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.
Executives
Reuven Spiegel officer: EVP, Finance 1530 PALISADE AVENUE, APT. 24-L, FORT LEE NJ 07024
Laurie Z. Tolson director 7102 COMMERCE WAY, BRENTWOOD TN 37027
Joseph Israel officer: EVP, Operations 7616 LBJ FREEWAY, SUITE 300, DALLAS TX 75251
Avigal Soreq officer: EVP / CCO 7102 COMMERCE WAY, BRENTWOOD TN 37027
Robert G. Wright officer: SVP & Chief Accounting Officer 7102 COMMERCE WAY, BRENTWOOD TN 37027
Leonardo Moreno director 4300 WILSON BLVD., ARLINGTON VA 22203
Nithia Thaver officer: EVP, Refining 7102 COMMERCE WAY, BRENTWOOD TN 37027
Carl C Icahn 10 percent owner C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH-1, SUNNY ISLES BEACH FL 33160
Nilah Staskus officer: EVP, Chief Accounting Officer 7102 COMMERCE WAY, BRENTWOOD TN 37027
Cvr Energy Inc 10 percent owner 2277 PLAZA DRIVE, SUITE 500, SUGAR LAND TX 77479
Todd O'malley officer: EVP, Chief Commercial Officer 7102 COMMERCE WAY, BRENTWOOD TN 37027
Denise Clark Mcwatters officer: EVP, Gen Counsel & Corp Sec 1702 COMMERCE WAY, BRENTWOOD TN 37027
Richard J Marcogliese director P.O. BOX 696000, SAN ANTONIO TX 78269-6000
William J Finnerty director 12490 ARBOR HILL STREET, MOORPARK CA 93021
Abigail K Yates officer: General Counsel, EVP Secretary 7102 COMMERCE WAY, BRENTWOOD TN 37027