EQT Corporation (EQT)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,624,260 | 2,802,770 | 2,517,310 | 2,387,860 | 3,209,100 |
| Inventory | US$ in thousands | 978,634 | 812,371 | 543,337 | 527,073 | 812,664 |
| Inventory turnover | 2.68 | 3.45 | 4.63 | 4.53 | 3.95 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,624,260K ÷ $978,634K
= 2.68
To calculate the inventory turnover ratio for EQT Corp, we would need the specific values for inventory and cost of goods sold for each of the years mentioned in the table. The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory for a specific period.
Without the exact data for inventory and cost of goods sold, we are unable to compute the inventory turnover ratio for EQT Corp. However, a high inventory turnover ratio generally indicates efficient management of inventory, while a low ratio could suggest overstocking or potential issues with sales and operations.
For a comprehensive analysis of EQT Corp's inventory turnover, it is essential to have access to the required financial information to calculate the ratio accurately.
Peer comparison
Dec 31, 2023