Expeditors International of Washington, Inc. (EXPD)

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	9,251,490	8,687,080	7,954,620	7,735,650	8,054,630	9,056,560	10,929,470	13,023,040	14,900,150	16,593,490	16,596,550	15,719,390	14,358,100	12,485,870	10,767,570	9,741,790	8,668,080	7,647,940	7,412,860	7,084,590
Inventory	US$ in thousands	—	—	—	—	—	223,768	175,723	195,670	257,545	499,935	745,577	817,435	987,266	841,689	534,692	387,845	327,448	232,351	147,932	143,986
Inventory turnover		—	—	—	—	—	40.47	62.20	66.56	57.85	33.19	22.26	19.23	14.54	14.83	20.14	25.12	26.47	32.92	50.11	49.20

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,251,490K ÷ $—K
= —

Expeditors International of Washington, Inc.'s inventory turnover has shown fluctuations over the past few years. The inventory turnover ratio indicates how many times the company sells and replaces its inventory within a specific period.

From March 31, 2020, to June 30, 2021, the inventory turnover ratio decreased steadily from 49.20 to 20.14. This decline may suggest potential issues like overstocking, slow sales, or poor inventory management during this period.

However, from September 30, 2021, to March 31, 2024, the inventory turnover ratio increased, reaching its peak at 66.56 on March 31, 2023. This improvement could indicate efficient inventory management, faster sales cycles, or strategic inventory optimization.

The lack of data for the years after March 31, 2024, prevents a complete analysis of recent trends. It is important for Expeditors International of Washington, Inc. to continue monitoring its inventory turnover to ensure optimal inventory levels and efficient operations.