EQT Corporation (EQT)

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	2,611,230	2,519,252	2,515,845	2,531,500	2,736,475	2,909,786	2,845,473	2,760,362	2,467,775	1,587,019	1,534,508	1,477,093	1,555,623	2,657,223	2,712,388	2,779,126	2,726,445	3,543,345	3,560,022	3,361,381
Inventory	US$ in thousands	978,634	577,926	683,612	978,351	812,371	0	—	—	543,337	1,428,070	648,855	431,949	527,073	503,648	915,441	1,053,500	812,664	771,634	788,366	370,254
Inventory turnover		2.67	4.36	3.68	2.59	3.37	—	—	—	4.54	1.11	2.36	3.42	2.95	5.28	2.96	2.64	3.35	4.59	4.52	9.08

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,611,230K ÷ $978,634K
= 2.67

To analyze EQT Corp's inventory turnover, we need data for the inventory levels and cost of goods sold for each quarter. Without this information, it is not possible to calculate the inventory turnover ratio. This ratio is crucial in evaluating a company's efficiency in managing inventory levels and converting them into sales. It provides insights into how quickly a company's inventory is sold and replaced over a specific period. Therefore, to assess EQT Corp's performance in this area, we would need access to the necessary financial data.