Chart Industries Inc (GTLS)
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 | 3,467,100 | 3,461,400 | 4,004,900 | 4,524,000 | 3,613,600 | 3,201,900 | 2,266,000 | 1,321,000 | 1,205,000 | 1,184,600 | 1,130,500 | 1,059,300 | 993,500 | 921,300 | 862,500 | 841,700 | 866,800 | 899,000 | 961,000 | 969,800 |
| Inventory | US$ in thousands | 490,500 | 539,400 | 554,600 | 572,300 | 576,300 | 613,300 | 634,600 | 601,800 | 357,900 | 357,500 | 363,000 | 350,600 | 321,500 | 341,100 | 310,100 | 279,900 | 248,400 | 237,600 | 248,600 | 235,400 |
| Inventory turnover | 7.07 | 6.42 | 7.22 | 7.90 | 6.27 | 5.22 | 3.57 | 2.20 | 3.37 | 3.31 | 3.11 | 3.02 | 3.09 | 2.70 | 2.78 | 3.01 | 3.49 | 3.78 | 3.87 | 4.12 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,467,100K ÷ $490,500K
= 7.07
The inventory turnover ratio of Chart Industries Inc has fluctuated over the period from March 31, 2020, to December 31, 2024.
The company's inventory turnover ratio decreased from 4.12 on March 31, 2020, to a low of 2.20 on March 31, 2023. This suggests that it took longer for the company to sell its inventory during this period.
However, there was a significant improvement in inventory turnover from March 31, 2023, to December 31, 2024, where the ratio increased from 2.20 to 7.07. This indicates that Chart Industries Inc became more efficient in selling its inventory, possibly due to better inventory management or increased demand for its products.
Overall, fluctuations in the inventory turnover ratio can be influenced by various factors such as changes in sales, production levels, inventory management practices, and market demand. Investors and stakeholders should closely monitor these trends to assess the company's operational efficiency and financial performance.