EQT Corporation (EQT)

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	2,736,984	2,589,402	2,671,817	2,644,868	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
Inventory	US$ in thousands	—	—	—	817,996	978,634	577,926	683,612	978,351	812,371	0	1,409,200	0	543,337	1,428,070	648,855	431,949	527,073	503,648	915,441	1,053,500
Inventory turnover		—	—	—	3.23	2.67	4.36	3.68	2.59	3.37	—	2.02	—	4.54	1.11	2.36	3.42	2.95	5.28	2.96	2.64

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,736,984K ÷ $—K
= —

Inventory turnover is a key financial ratio that indicates how efficiently a company manages its inventory. For EQT Corporation, analyzing the trend in inventory turnover from March 2020 to December 2024 reveals some interesting patterns.

In March 2020, the inventory turnover was 2.64 times, indicating that the company sold and replaced its inventory 2.64 times during that period. The ratio improved in the following quarters, reaching a peak of 5.28 in September 2020, suggesting a more efficient management of inventory.

However, the inventory turnover ratio fluctuated in the subsequent quarters, with some periods showing a decline, such as in September 2021 when it dropped to 1.11, indicating a potential issue with inventory management efficiency. In December 2021, the ratio increased significantly to 4.54, showing improvement.

Looking at the most recent data available, in March 2024, the inventory turnover was 3.23, indicating a moderate level of inventory management efficiency.

Overall, it is important for EQT Corporation to closely monitor its inventory turnover ratio to ensure optimal management of its inventory levels. Fluctuations in this ratio can provide insight into the company's sales performance, demand forecasting accuracy, and overall operational efficiency.