Fortrea Holdings Inc. (FTRE)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,859,000 | 2,889,400 | 2,959,100 | 3,006,300 |
| Inventory | US$ in thousands | — | — | — | 74,900 |
| Inventory turnover | — | — | — | 40.14 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,859,000K ÷ $—K
= —
Based on the data provided, Fortrea Holdings Inc. reported an impressive inventory turnover ratio of 40.14 as of March 31, 2024. This indicates that the company sells and replaces its inventory approximately 40 times within a year, showcasing strong efficiency in managing its inventory. However, the absence of data for the following quarters (June 30, 2024, September 30, 2024, and December 31, 2024) limits the ability to assess if this high turnover ratio is consistent throughout the year. In the absence of additional data points, it is challenging to draw definitive conclusions about the company's inventory management performance beyond the initial observation of a robust turnover ratio in the first quarter of 2024.
Peer comparison
Dec 31, 2024
Dec 31, 2024