Choice Hotels International Inc (CHH)
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 | 319,046 | 279,262 | 294,551 | 270,635 | 241,373 | 235,165 | 200,073 | 190,655 | 190,693 | 193,276 | 193,879 | 203,373 | 202,005 | 172,129 | 174,691 | 177,707 | 198,589 | 203,561 | 203,477 | 202,767 |
| Inventory | US$ in thousands | 34,669 | 0 | 0 | — | 0 | — | — | — | 24,075 | — | — | — | — | — | — | — | — | 20,324 | 20,734 | 22,259 |
| Inventory turnover | 9.20 | — | — | — | — | — | — | — | 7.92 | — | — | — | — | — | — | — | — | 10.02 | 9.81 | 9.11 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $319,046K ÷ $34,669K
= 9.20
Choice Hotels International Inc's inventory turnover has been relatively stable over the past few quarters, ranging from 7.92 to 10.02. This indicates that the company is efficiently managing its inventory in generating sales. Inventory turnover measures the number of times a company sells and replaces its inventory during a certain period, and a higher turnover ratio generally signifies effective inventory management. The consistent inventory turnover ratios of Choice Hotels International Inc suggest that the company is able to control its inventory levels effectively, minimizing the risk of excess or obsolete inventory.
Peer comparison
Dec 31, 2023
Dec 31, 2023