Fluor Corporation (FLR)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 14,997,000 | 13,389,000 | 13,702,000 | 15,378,000 | 15,660,100 |
| Inventory | US$ in thousands | — | 1,000 | 854,855 | 237,617 | — |
| Inventory turnover | — | 13,389.00 | 16.03 | 64.72 | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $14,997,000K ÷ $—K
= —
To calculate the inventory turnover ratio for Fluor Corporation, we need the cost of goods sold (COGS) and the average inventory for the respective years. The inventory turnover ratio indicates how efficiently a company is managing its inventory by measuring how many times the company sells and replaces its inventory during a specific period.
Without the specific figures for COGS and average inventory for the given years, it's not possible to compute the inventory turnover ratio for Fluor Corporation. However, a higher inventory turnover ratio generally indicates that a company is selling its inventory quickly, which could suggest strong sales or effective inventory management. On the other hand, a lower ratio may imply slow sales, overstocking, or obsolete inventory.
To assess Fluor Corporation's inventory turnover in more detail, it would be necessary to access the relevant financial statements containing the COGS and inventory figures for the years in question. By analyzing the trend in the inventory turnover ratio over multiple years, we could gain insights into the company's inventory management practices and how efficiently it is utilizing its inventory to generate sales.
Peer comparison
Dec 31, 2023