Everus Construction Group Inc (ECG)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cost of revenue	US$ in thousands	2,510,230	2,532,120	2,423,200	1,803,700
Inventory	US$ in thousands	43,750	42,709	36,844	—
Inventory turnover		57.38	59.29	65.77	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,510,230K ÷ $43,750K
= 57.38

The inventory turnover for Everus Construction Group Inc has shown a consistent trend over the past four years. In December 31, 2022, the inventory turnover ratio was 65.77, indicating that the company's inventory was sold and replaced 65.77 times during that year. This high turnover rate suggests that Everus Construction Group Inc is efficient in managing its inventory and converting it into sales.

In the subsequent years, the inventory turnover ratio decreased slightly to 59.29 in December 31, 2023, and further to 57.38 in December 31, 2024. Despite the slight decline, the inventory turnover remains relatively high, indicating that the company maintains a healthy balance between stocking enough inventory to meet customer demand and avoiding excess inventory carrying costs.

Overall, Everus Construction Group Inc's inventory turnover ratios demonstrate effective inventory management practices and efficient utilization of its inventory to drive sales.