GATX Corporation (GATX)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	593,400	615,300	603,200	617,000	603,000	604,200	593,800	569,500	568,200	842,100	831,600	823,000	822,400	851,200	861,700	869,200	867,000	859,700	852,700	847,200
Inventory	US$ in thousands	74,000	-2,600	-100	0	60,200	—	596,500	—	52,000	—	—	—	64,300	—	—	—	68,400	—	—	—
Inventory turnover		8.02	—	—	—	10.02	—	1.00	—	10.93	—	—	—	12.79	—	—	—	12.68	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $593,400K ÷ $74,000K
= 8.02

Based on the provided data, it appears that GATX Corp. had an inventory turnover of 0.00 for Q4 2023 and Q4 2022. This implies that during these quarters, the company did not generate any sales revenue relative to their inventory levels. A consistent inventory turnover of 0.00 may indicate inefficiencies in inventory management or potential issues with selling products from inventory. Further analysis and comparison with industry benchmarks and historical trends may help in understanding the underlying reasons for this low inventory turnover and identifying areas for improvement within GATX Corp.'s operations.