Clean Harbors Inc (CLH)
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 | 4,890,450 | 4,784,090 | 4,664,220 | 4,544,190 | 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 |
| Inventory | US$ in thousands | 384,657 | 376,564 | 365,356 | 354,310 | 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 |
| Inventory turnover | 12.71 | 12.70 | 12.77 | 12.83 | 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,890,450K ÷ $384,657K
= 12.71
Clean Harbors Inc's inventory turnover has shown a slight fluctuation over the years, ranging from a high of around 32.83 in March 2020 to a low of around 11.94 in December 2020. The inventory turnover ratio measures how efficiently a company manages its inventory, and a higher ratio indicates that the company is selling its inventory more frequently.
From December 2020 to December 2024, the inventory turnover ratio generally improved, with some minor fluctuations. It increased from 11.94 in December 2020 to around 12.71 in December 2024. This suggests that Clean Harbors Inc has been more effective in selling its inventory during this period.
Overall, the trend indicates that Clean Harbors Inc has been successfully managing its inventory levels and improving the efficiency of its inventory turnover, which is typically seen as a positive indicator of operational performance.