Equifax Inc (EFX)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,518,700 | 2,335,100 | 2,177,200 | 1,980,900 | 1,737,400 |
| Inventory | US$ in thousands | — | 0 | 134,300 | 108,400 | 104,100 |
| Inventory turnover | — | — | 16.21 | 18.27 | 16.69 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,518,700K ÷ $—K
= —
Based on the provided data, Equifax Inc's inventory turnover has shown a generally increasing trend over the years. The inventory turnover ratio, which measures how many times a company sells and replaces its inventory during a specific period, was 16.69 as of December 31, 2020, and improved to 18.27 by December 31, 2021. This indicates that Equifax was able to sell and replenish its inventory more efficiently in 2021 compared to 2020.
However, there was a slight decrease in the inventory turnover ratio to 16.21 as of December 31, 2022. While the exact reasons for this decrease are not provided in the data, it could indicate potential issues related to inventory management or sales performance during that period.
The absence of data for 2023 and 2024 (denoted by "—") makes it challenging to analyze the trend further. It is important for Equifax to monitor its inventory turnover ratio consistently to ensure optimal levels of inventory management efficiency, as a high ratio indicates effective inventory management and sales strategies.