Arcosa Inc (ACA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,864,100 | 1,797,500 | 1,801,700 | 1,820,900 | 1,820,000 | 1,844,000 | 1,814,300 | 1,748,800 | 1,670,200 | 1,612,800 | 1,544,000 | 1,523,400 | 1,553,600 | 1,547,700 | 1,514,100 | 1,463,000 | 1,404,500 | 1,205,800 | 1,221,300 |
| Inventory | US$ in thousands | 401,800 | 361,200 | 354,600 | 328,300 | 315,800 | 328,800 | 295,900 | 342,800 | 324,500 | 344,500 | 339,100 | 289,300 | 276,800 | 289,900 | 314,000 | 303,400 | 283,300 | 306,100 | 291,000 |
| Inventory turnover | 4.64 | 4.98 | 5.08 | 5.55 | 5.76 | 5.61 | 6.13 | 5.10 | 5.15 | 4.68 | 4.55 | 5.27 | 5.61 | 5.34 | 4.82 | 4.82 | 4.96 | 3.94 | 4.20 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,864,100K ÷ $401,800K
= 4.64
The inventory turnover ratio for Arcosa Inc has exhibited some fluctuations over the past eight quarters. In Q4 2023, the ratio stood at 4.64, slightly lower than the previous quarter at 4.99. While the ratio has shown a declining trend since Q4 2022 when it was at 5.76, it still remains relatively stable within the range of 4.64 to 6.12.
Overall, the inventory turnover ratio indicates that Arcosa Inc is selling and replacing its inventory approximately 4.64 to 6.12 times a year. A higher inventory turnover ratio suggests that the company is efficiently managing its inventory levels and is able to quickly sell and restock its products. However, the downward trend in the ratio over the past few quarters may indicate challenges in managing inventory efficiently or potential issues with sales and production. Further analysis of operational processes and market conditions would be required to fully understand the implications of these fluctuations in the inventory turnover ratio.
Peer comparison
Dec 31, 2023
Dec 31, 2023