Atmos Energy Corporation (ATO)

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	1,052,793	1,452,173	1,639,966	1,844,575	2,049,742	1,682,656	1,575,478	1,413,189	1,115,620	1,032,717	966,970	906,172	650,246	658,854	654,493	659,747	813,540	858,837	888,252	987,812
Inventory	US$ in thousands	220,944	245,830	211,041	183,467	323,678	357,941	223,993	96,295	220,279	178,116	99,469	50,043	99,569	111,950	84,886	68,061	115,259	130,138	106,014	78,148
Inventory turnover		4.76	5.91	7.77	10.05	6.33	4.70	7.03	14.68	5.06	5.80	9.72	18.11	6.53	5.89	7.71	9.69	7.06	6.60	8.38	12.64

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,052,793K ÷ $220,944K
= 4.76

The inventory turnover of Atmos Energy Corp. has shown some fluctuations over the past eight quarters. The highest inventory turnover ratio was observed in Q2 2022 at 14.68, indicating that the company efficiently managed its inventory during that period. On the other hand, the lowest turnover ratio was recorded in Q4 2022 at 4.38, reflecting a lower frequency of inventory turnover during that quarter.

Overall, the company's inventory turnover ratios have varied between 4.38 and 14.68 over the selected periods. Higher inventory turnover ratios generally suggest efficient management of inventory, while lower ratios may indicate slower-moving inventory or potential issues in managing stock levels. It is essential for Atmos Energy Corp. to continuously monitor its inventory turnover to ensure optimal inventory management and operational efficiency.