Aecom Technology Corporation (ACM)
Inventory turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 15,021,200 | 13,433,000 | 12,300,200 | 12,542,400 | 12,530,400 |
| Inventory | US$ in thousands | — | -17,200 | 838,402 | 878,470 | 1,384,120 |
| Inventory turnover | — | — | 14.67 | 14.28 | 9.05 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $15,021,200K ÷ $—K
= —
The inventory turnover ratio for Aecom Technology Corporation has shown a positive trend over the past five years. The company's inventory turnover increased from 9.05 in 2020 to 14.28 in 2021 and further to 14.67 in 2022. This indicates that the company has been efficiently managing its inventory by selling and replacing its inventory stock more frequently in recent years.
A higher inventory turnover ratio signifies a faster conversion of inventory into sales, which is generally considered a positive indicator of operational efficiency. It suggests that Aecom is effectively managing its inventory levels, reducing the risk of inventory obsolescence, and utilizing its working capital more efficiently.
However, it is noteworthy that the inventory turnover ratio for 2024 is not available in the provided data. Further analysis would be required to determine if this absence is due to a reporting lag or other factors. Overall, the increasing trend in the inventory turnover ratio for Aecom Technology Corporation demonstrates a positive operational performance in terms of managing inventory levels effectively.
Peer comparison
Sep 30, 2024