Fluor Corporation (FLR)
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 | 15,742,000 | 15,444,000 | 15,150,000 | 14,842,000 | 14,997,000 | 14,820,000 | 14,735,000 | 14,178,000 | 13,387,000 | 12,813,990 | 12,183,590 | 12,176,530 | 12,023,280 | 12,552,290 | 13,612,850 | 14,033,500 | 15,244,910 | 15,309,500 | 15,121,950 | 16,230,660 |
| Inventory | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 854,855 | 848,653 | 895,873 | 958,092 | 237,617 | 366,639 | 1,195,160 | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | 14.06 | 14.79 | 15.20 | 14.65 | 64.16 | 41.76 | 12.65 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $15,742,000K ÷ $—K
= —
Fluor Corporation's inventory turnover has displayed fluctuations over the reported periods.
The inventory turnover ratio, which measures how efficiently a company manages its inventory by calculating the number of times inventory is sold and replaced during a period, had a significant increase from 12.65 in June 2020 to 64.16 in December 2020. This indicates that the company was selling and replenishing its inventory at a much faster rate in the latter part of 2020.
However, the inventory turnover subsequently declined to around 14-15 times in the following quarters through March 2021 to June 2021. This decrease suggests that the company may have had excess inventory or faced challenges in sales during this period.
The inventory turnover remained relatively stable around the 14-15 range from September 2021 to December 2021, indicating that the company maintained a consistent rate of inventory turnover during this period.
It is noteworthy that there is missing data with placeholders indicating an unavailable inventory turnover ratio for the periods after December 2021. This lack of information restricts a more complete analysis of Fluor Corporation's inventory turnover in the future quarters.
In conclusion, based on the available data, Fluor Corporation experienced fluctuations in its inventory turnover, showcasing periods of both significant improvement and subsequent decline in the efficiency of managing its inventory. Further information beyond December 2021 is required to assess the company's inventory turnover in the later periods accurately.
Peer comparison
Dec 31, 2024
Dec 31, 2024