Core Laboratories NV (CLB)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 461,485 | 3,685 | 3,687 | 3,690 |
| Inventory | US$ in thousands | 59,402 | 65,490 | 69,898 | 70,711 |
| Inventory turnover | 7.77 | 0.06 | 0.05 | 0.05 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $461,485K ÷ $59,402K
= 7.77
The inventory turnover ratio for Core Laboratories NV has shown a low and consistent performance for the first three quarters of 2024, with a ratio of around 0.05 to 0.06. However, in December 2024, there was a significant increase in the inventory turnover ratio to 7.77. This sudden spike in the ratio suggests a substantial improvement in the efficiency of managing and selling the company's inventory. It might indicate better inventory management practices, tighter control over stock levels, or increased sales volume. Overall, the improvement in the inventory turnover ratio in the fourth quarter is a positive sign for Core Laboratories NV in terms of optimizing its inventory management and potentially boosting its profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024