Comfort Systems USA Inc (FIX)
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 | 5,577,860 | 5,231,580 | 4,901,550 | 4,509,180 | 4,226,155 | 4,044,305 | 3,861,473 | 3,635,919 | 3,398,756 | 3,194,829 | 2,951,725 | 2,696,209 | 2,510,429 | 2,370,378 | 2,262,597 | 2,272,930 | 2,309,676 | 2,334,738 | 2,332,051 | 2,264,564 |
| Inventory | US$ in thousands | 59,224 | 55,680 | 63,778 | 71,061 | 65,538 | 53,899 | 41,619 | 37,013 | 35,309 | 38,149 | 31,246 | 24,918 | 21,853 | 19,908 | 18,837 | 15,653 | 13,472 | 12,700 | 12,212 | 10,312 |
| Inventory turnover | 94.18 | 93.96 | 76.85 | 63.46 | 64.48 | 75.03 | 92.78 | 98.23 | 96.26 | 83.75 | 94.47 | 108.20 | 114.88 | 119.07 | 120.11 | 145.21 | 171.44 | 183.84 | 190.96 | 219.60 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,577,860K ÷ $59,224K
= 94.18
Comfort Systems USA Inc's inventory turnover has shown a downward trend over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio indicates how efficiently the company is managing its inventory levels. A higher inventory turnover ratio typically suggests that the company is selling its inventory quickly and efficiently.
From March 31, 2020, to June 30, 2021, the inventory turnover remained relatively high, indicating effective inventory management. However, there was a noticeable decline in inventory turnover from September 30, 2021, onwards, reaching its lowest point at 64.48 on December 31, 2023.
The increase in inventory turnover observed in the last quarters of 2024 (reaching 94.18 on December 31, 2024) may indicate an improvement in managing inventory levels or increased demand for Comfort Systems USA Inc's products.
Overall, it would be beneficial for Comfort Systems USA Inc to closely monitor and potentially optimize its inventory management practices to ensure efficient use of resources and maintain healthy inventory turnover ratios.
Peer comparison
Dec 31, 2024
Dec 31, 2024