Equifax Inc (EFX)
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 | 2,518,800 | 2,641,800 | 2,581,800 | 2,538,900 | 2,491,600 | 2,292,800 | 2,250,100 | 2,204,200 | 2,177,200 | 2,163,700 | 2,110,200 | 2,051,100 | 1,981,000 | 1,936,200 | 1,880,400 | 1,806,700 | 1,737,500 | 1,639,500 | 1,580,800 | 1,548,400 |
| Inventory | US$ in thousands | — | 133,700 | 0 | 0 | 0 | 142,000 | 148,700 | 163,700 | 134,300 | 141,200 | 153,900 | 147,700 | 108,400 | 120,500 | 129,700 | 138,800 | 104,100 | 123,300 | 121,100 | 119,900 |
| Inventory turnover | — | 19.76 | — | — | — | 16.15 | 15.13 | 13.46 | 16.21 | 15.32 | 13.71 | 13.89 | 18.27 | 16.07 | 14.50 | 13.02 | 16.69 | 13.30 | 13.05 | 12.91 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,518,800K ÷ $—K
= —
Equifax Inc's inventory turnover ratio has shown fluctuations over the period analyzed. The inventory turnover increased steadily from March 31, 2020, to December 31, 2021, which indicates that the company was managing its inventory efficiently during this period. The ratio peaked at 18.27 on December 31, 2021, suggesting that Equifax was able to sell and replace its inventory over 18 times during that year.
However, starting from March 31, 2022, the inventory turnover ratio began to decrease, reaching a low of 13.46 on March 31, 2023. This decrease could imply potential issues with inventory management efficiency or changes in sales patterns. The ratio then increased to 16.15 on September 30, 2023, before remaining constant with the data being unavailable for December 31, 2023, and beyond.
The overall trend suggests that Equifax has historically maintained a good level of inventory turnover, indicating effective inventory management practices. However, the recent fluctuations may warrant further investigation to ensure sustained efficiency in managing inventory levels and converting them into sales.