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