Choice Hotels International Inc (CHH)
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 | 856,035 | 869,698 | 880,408 | 873,979 | 853,883 | 848,875 | 826,605 | 765,728 | 701,897 | 615,533 | 535,104 | 489,184 | 469,700 | 460,735 | 455,085 | 428,752 | 462,913 | 495,569 | 542,393 | 610,229 |
| Inventory | US$ in thousands | — | — | — | 0 | 34,669 | 0 | 0 | — | 0 | — | — | 0 | 24,075 | — | 0 | — | — | 0 | — | 0 |
| Inventory turnover | — | — | — | — | 24.63 | — | — | — | — | — | — | — | 19.51 | — | — | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $856,035K ÷ $—K
= —
The inventory turnover for Choice Hotels International Inc has been consistent at a relatively low level in the periods provided, except for a significant increase in December 2021 and December 2023.
In December 2021, the inventory turnover ratio spiked to 19.51, indicating that the company's inventory was sold and replaced almost 20 times during that period. This could be due to seasonality or specific business strategies that led to a faster turnover of inventory.
Similarly, in December 2023, the inventory turnover ratio further increased to 24.63, showing an even faster rate of inventory turnover compared to previous periods. This may suggest improved inventory management efficiency or successful sales initiatives during that quarter.
It is worth noting that for the other quarters provided in the data, the inventory turnover ratio was not available (--), indicating a lack of information or potentially no significant changes in the turnover rate during those periods.
Overall, the spikes in inventory turnover in December 2021 and December 2023 could be positive indicators of efficient inventory management and sales performance for Choice Hotels International Inc during those particular quarters. Further analysis and comparison with industry benchmarks would provide more insights into the company's overall inventory management effectiveness.
Peer comparison
Dec 31, 2024
Dec 31, 2024