Fluor Corporation (FLR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 15,741,000 | 14,997,000 | 13,389,000 | 12,023,300 | 15,283,200 |
| Inventory | US$ in thousands | — | — | 1,000 | 854,855 | 237,617 |
| Inventory turnover | — | — | 13,389.00 | 14.06 | 64.32 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $15,741,000K ÷ $—K
= —
The inventory turnover for Fluor Corporation has shown a significant decline over the years, dropping from 64.32 in December 31, 2020 to 14.06 in December 31, 2021, and further decreasing to 13,389.00 in December 31, 2022. However, there is missing data for December 31, 2023 and December 31, 2024, indicated by "—".
A high inventory turnover ratio generally indicates efficient inventory management, with a company selling and restocking its inventory quickly. However, in Fluor Corporation's case, the drastic fluctuations in inventory turnover may suggest potential issues with inventory management, such as overstocking or inefficient sales. This decline could impact the company's cash flow and profitability, as excess inventory ties up capital and resources.
Further analysis and investigation into the reasons behind the sharp fluctuations in inventory turnover are necessary to determine the root causes and implement corrective measures to improve the company's operational efficiency in managing its inventory levels.
Peer comparison
Dec 31, 2024