EMCOR Group Inc (EME)
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 | 10,493,540 | 10,167,080 | 9,918,080 | 9,686,900 | 9,472,520 | 9,214,650 | 8,941,850 | 8,678,860 | 8,401,850 | 8,062,340 | 7,760,540 | 7,397,890 | 7,401,680 | 7,543,230 | 7,656,450 | 7,935,530 | 7,818,730 | 7,672,700 | 7,458,660 | 7,143,880 |
| Inventory | US$ in thousands | 110,774 | 115,466 | 106,080 | 100,405 | 85,641 | 101,874 | 93,464 | 71,463 | 54,098 | 64,489 | 64,713 | 48,212 | 53,338 | 39,253 | 40,590 | 35,387 | 40,446 | 38,721 | 39,180 | 39,443 |
| Inventory turnover | 94.73 | 88.05 | 93.50 | 96.48 | 110.61 | 90.45 | 95.67 | 121.45 | 155.31 | 125.02 | 119.92 | 153.44 | 138.77 | 192.17 | 188.63 | 224.25 | 193.31 | 198.15 | 190.37 | 181.12 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,493,540K ÷ $110,774K
= 94.73
The inventory turnover of Emcor Group, Inc. has shown some fluctuation over the past eight quarters. The highest inventory turnover was observed in Q1 2022 at 121.45, indicating that the company's inventory was sold and replaced 121.45 times during that quarter. This was followed by a peak in Q4 2022 at 110.61.
In the recent quarters, the inventory turnover has ranged between 88.05 and 96.48, showing relatively stable performance. The lowest inventory turnover was recorded in Q3 2022 at 90.45.
Overall, the trend in inventory turnover suggests that Emcor Group, Inc. has been effectively managing its inventory levels and efficiently converting inventory into sales. However, it is important for the company to closely monitor and analyze these ratios to ensure optimal inventory control and management.
Peer comparison
Dec 31, 2023
Dec 31, 2023