EQT Corporation (EQT)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	2,727,630	2,624,260	2,802,770	2,517,310	2,387,860
Inventory	US$ in thousands	—	978,634	812,371	543,337	527,073
Inventory turnover		—	2.68	3.45	4.63	4.53

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,727,630K ÷ $—K
= —

EQT Corporation's inventory turnover has shown a varying trend over the past few years. In 2020, the inventory turnover was 4.53, indicating that the company's inventory was being turned over approximately 4.53 times during that year. This ratio slightly improved to 4.63 in 2021, suggesting a more efficient management of inventory.

However, in 2022, the inventory turnover decreased to 3.45, indicating a slower rate of inventory turnover compared to the previous year. This could imply potential issues such as excess inventory levels or slowing sales.

The trend continued in 2023 with a further decline in inventory turnover to 2.68, signaling a significant decrease in the efficiency of inventory management. A low inventory turnover ratio may indicate overstocking, obsolete inventory, or inefficient supply chain management.

Unfortunately, data for 2024 is unavailable, shown as "—". In such cases, additional information would be needed to ascertain the reasons behind this missing data point.

Overall, EQT Corporation's inventory turnover has displayed fluctuations, with a general downward trend from 2021 to 2023. This could indicate challenges in managing inventory effectively, which may require further investigation and strategic adjustments to optimize the company's operations.