ArcBest Corp (ARCB)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,805,400	1,824,300	1,768,870	1,556,220	1,372,690
Inventory	US$ in thousands	—	24,319	40,240	40,104	37,774
Inventory turnover		—	75.02	43.96	38.80	36.34

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,805,400K ÷ $—K
= —

ArcBest Corp's inventory turnover has shown a consistent improvement over the years, reflecting the company's ability to manage its inventory efficiently.

The inventory turnover ratio increased from 36.34 in December 31, 2020, to 38.80 in December 31, 2021, indicating that the company was able to sell its inventory more frequently during that period.

A further significant increase was observed in December 31, 2022, with the inventory turnover ratio reaching 43.96, suggesting an even more efficient inventory management strategy. This improvement implies that the company was able to turn its inventory into sales more quickly.

The most notable increase was seen in December 31, 2023, with an inventory turnover ratio of 75.02, which indicates that the company was able to sell its entire inventory more than 75 times during that year. This rapid turnover suggests strong demand for the company's products or efficient inventory control measures.

However, the lack of data for December 31, 2024, makes it difficult to assess the company's inventory turnover performance for that year.

Overall, ArcBest Corp's increasing inventory turnover ratios demonstrate its effectiveness in managing its inventory levels and converting them into sales efficiently, which is a positive sign for its financial health and operational performance.