Boise Cascad Llc (BCC)
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 | 6,103,580 | 6,064,020 | 6,268,130 | 6,627,970 | 7,140,530 | 7,225,640 | 7,129,690 | 7,182,960 | 6,876,800 | 5,347,790 | 5,028,850 | 4,187,110 | 3,700,190 | 4,752,710 | 4,547,280 | 3,491,102 | 2,484,782 | 1,571,826 | 487,770 | 488,646 |
| Inventory | US$ in thousands | 712,369 | 683,406 | 703,033 | 738,798 | 697,551 | 767,187 | 803,607 | 804,668 | 660,671 | 644,370 | 727,205 | 611,700 | 503,480 | 454,327 | 456,129 | 536,314 | 497,596 | 492,588 | 524,451 | 573,860 |
| Inventory turnover | 8.57 | 8.87 | 8.92 | 8.97 | 10.24 | 9.42 | 8.87 | 8.93 | 10.41 | 8.30 | 6.92 | 6.85 | 7.35 | 10.46 | 9.97 | 6.51 | 4.99 | 3.19 | 0.93 | 0.85 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,103,580K ÷ $712,369K
= 8.57
Boise Cascade Co's inventory turnover has shown a consistent trend over the past eight quarters, ranging from 7.59 to 9.28. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating how many times the inventory is sold and replaced over a specific period.
The company's inventory turnover has been relatively stable in recent quarters, with a slight decline from 9.28 in Q4 2022 to 7.59 in Q4 2023. This indicates that the company may be holding onto inventory for a longer period in Q4 2023 compared to the previous year.
Overall, Boise Cascade Co's inventory turnover ratios are within a reasonable range, suggesting that the company is effectively managing its inventory levels and turning over its inventory efficiently. However, it is essential for the company to monitor this ratio closely to ensure optimal inventory management and identify potential areas for improvement.
Peer comparison
Dec 31, 2023
Dec 31, 2023