Archrock Inc (AROC)
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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 574,333 | 570,786 | 567,702 | 565,518 | 545,568 | 527,072 | 510,129 | 488,070 | 480,287 | 479,324 | 465,974 | 526,308 | 663,472 | 560,341 | 607,701 | 584,343 | 366,553 | 350,243 | 228,307 | 114,936 |
| Inventory | US$ in thousands | 81,761 | 87,942 | 93,128 | 89,632 | 84,622 | 84,091 | 77,636 | 73,596 | 72,869 | 66,630 | 65,885 | 66,024 | 63,670 | 65,311 | 70,991 | 72,931 | 74,467 | 78,306 | 74,159 | 72,463 |
| Inventory turnover | 7.02 | 6.49 | 6.10 | 6.31 | 6.45 | 6.27 | 6.57 | 6.63 | 6.59 | 7.19 | 7.07 | 7.97 | 10.42 | 8.58 | 8.56 | 8.01 | 4.92 | 4.47 | 3.08 | 1.59 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $574,333K ÷ $81,761K
= 7.02
The inventory turnover of Archrock Inc has been relatively stable over the past eight quarters, ranging from 4.74 to 5.49. A higher inventory turnover ratio indicates that the company is selling its inventory more efficiently. In Q4 2023, the inventory turnover ratio was at its highest at 5.49, suggesting that Archrock Inc was able to sell and replace its inventory 5.49 times during the quarter. This could indicate effective inventory management and possibly increasing sales volume or improving demand for the company's products. Overall, the trend in inventory turnover for Archrock Inc shows consistency and efficiency in managing its inventory levels over the recent quarters.
Peer comparison
Dec 31, 2023
Dec 31, 2023