Clean Harbors Inc (CLH)

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 4,489,370 4,447,900 4,395,890 4,334,880 4,230,440 4,117,904 3,822,440 3,505,852 3,188,622 2,896,634 2,744,411 2,577,939 2,632,997 2,573,559 2,689,486 2,833,964 2,777,373 2,756,462 2,722,766 2,713,147
Inventory US$ in thousands 327,511 311,512 325,882 322,386 324,994 294,220 275,696 264,733 250,692 228,682 215,725 219,499 220,498 88,098 87,670 86,326 214,744 85,076 80,769 78,388
Inventory turnover 13.71 14.28 13.49 13.45 13.02 14.00 13.86 13.24 12.72 12.67 12.72 11.74 11.94 29.21 30.68 32.83 12.93 32.40 33.71 34.61

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,489,370K ÷ $327,511K
= 13.71

Clean Harbors, Inc.'s inventory turnover has been relatively stable over the past eight quarters, ranging from 10.90 to 11.92. This indicates that the company efficiently manages its inventory by converting it into sales multiple times a year. The relatively high inventory turnover ratios suggest that the company is effectively controlling its inventory levels, which can lead to lower carrying costs and reduced risk of obsolete inventory. Additionally, the consistency in the inventory turnover ratios over time suggests that Clean Harbors has a solid inventory management strategy in place. Overall, the company's inventory turnover ratios reflect strong operational efficiency and effective inventory management practices.


Peer comparison

Dec 31, 2023

Dec 31, 2023

Company name
Symbol
Inventory turnover
Clean Harbors Inc
CLH
13.71
Stericycle Inc
SRCL