Consol Energy Inc (CEIX)
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 | 364,630 | 361,424 | 350,498 | 346,067 | 362,321 | 358,819 | 352,093 | 341,612 | 281,092 | 253,892 | 192,734 | 134,448 | 124,499 | 70,616 | 71,930 | 75,661 | 74,950 | 78,371 | 78,288 | 91,229 |
| Inventory | US$ in thousands | 88,154 | 98,386 | 97,675 | 95,635 | 66,290 | 74,955 | 68,443 | 58,798 | 62,876 | 56,015 | 59,299 | 55,209 | 56,200 | 56,577 | 61,041 | 58,638 | 54,131 | 48,839 | 51,191 | 54,888 |
| Inventory turnover | 4.14 | 3.67 | 3.59 | 3.62 | 5.47 | 4.79 | 5.14 | 5.81 | 4.47 | 4.53 | 3.25 | 2.44 | 2.22 | 1.25 | 1.18 | 1.29 | 1.38 | 1.60 | 1.53 | 1.66 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $364,630K ÷ $88,154K
= 4.14
Based on the provided data for Consol Energy Inc's inventory turnover over the past eight quarters, it is evident that the company has reported inventory turnover ratios of 0.00 consistently across all periods. A ratio of 0.00 indicates that the company is not effectively managing its inventory levels or is possibly facing challenges in selling its inventory. This could be concerning as it suggests potential issues such as overstocking, obsolete inventory, or poor sales performance, which could lead to tied-up capital and potential write-downs in the future. Consol Energy Inc may need to review its inventory management practices and strategies to improve efficiency and profitability.
Peer comparison
Dec 31, 2023
Dec 31, 2023