Consol Energy Inc (CEIX)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 364,630 | 362,321 | 332,370 | 124,499 | 102,918 |
| Inventory | US$ in thousands | 88,154 | 66,290 | 62,876 | 56,200 | 54,131 |
| Inventory turnover | 4.14 | 5.47 | 5.29 | 2.22 | 1.90 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $364,630K ÷ $88,154K
= 4.14
The inventory turnover for Consol Energy Inc has been consistently reported as 0.00 for the past five years, from 2019 to 2023. This indicates that the company is not effectively managing its inventory levels in relation to its cost of goods sold. A low or zero inventory turnover ratio suggests potential issues with inventory control, overstocking, obsolete inventory, or slow-moving inventory. Consol Energy Inc may face challenges in efficiently converting its inventory into sales, which could impact its profitability and liquidity. Management should closely monitor inventory levels, review procurement processes, and implement strategies to improve inventory turnover efficiency for better operational and financial performance.
Peer comparison
Dec 31, 2023