Topbuild Corp (BLD)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,639,160 | 4,599,750 | 4,563,950 | 4,462,950 | 4,464,950 | 4,429,040 | 4,411,910 | 4,398,060 | 4,338,140 | 4,220,010 | 3,846,653 | 3,475,201 | 3,104,475 | 2,753,963 | 2,633,512 | 2,491,347 | 2,426,304 | 2,384,083 | 2,389,883 | 2,408,126 |
| Inventory | US$ in thousands | 406,662 | 392,208 | 393,810 | 375,056 | 364,731 | 357,179 | 385,049 | 422,229 | 438,644 | 447,100 | 431,098 | 390,061 | 352,801 | 202,018 | 178,576 | 163,988 | 161,369 | 142,517 | 147,304 | 152,721 |
| Inventory turnover | 11.41 | 11.73 | 11.59 | 11.90 | 12.24 | 12.40 | 11.46 | 10.42 | 9.89 | 9.44 | 8.92 | 8.91 | 8.80 | 13.63 | 14.75 | 15.19 | 15.04 | 16.73 | 16.22 | 15.77 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,639,160K ÷ $406,662K
= 11.41
The inventory turnover for Topbuild Corp has shown fluctuations over the past few years. From March 31, 2020, to June 30, 2021, the company experienced a steady increase in inventory turnover, indicating more efficient management of its inventory levels. However, from September 30, 2021, to December 31, 2024, there was a gradual decline in inventory turnover.
The highest inventory turnover was recorded on September 30, 2020, at 16.73, showing that the company was selling and replenishing its inventory at a rapid pace during that period. Conversely, the lowest inventory turnover was observed on December 31, 2021, at 8.80, indicating a slowdown in the turnover of goods in inventory.
Overall, the trend in inventory turnover suggests that Topbuild Corp may have faced challenges in efficiently managing its inventory levels in recent years, leading to a slowdown in the rate of inventory turnover. Further analysis is needed to identify the factors contributing to this trend and to assess the potential impact on the company's financial performance and operations.