GXO Logistics Inc (GXO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 10,155,000 | 9,671,000 | 9,002,000 | 8,555,000 | 8,396,000 | 8,265,000 | 8,126,000 | 7,937,000 | 7,772,000 | 7,638,000 | 7,400,000 | 7,197,000 | 6,972,000 | 6,545,000 | 6,189,000 | 5,812,000 | 5,492,000 |
| Inventory | US$ in thousands | — | — | — | 798 | -2,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory turnover | — | — | — | 10,720.55 | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,155,000K ÷ $—K
= —
The inventory turnover ratio for GXO Logistics Inc as of March 31, 2024, is 10,720.55. This indicates that the company generated $10,720.55 in sales for every dollar invested in inventory during that period. A high inventory turnover ratio like this suggests that GXO Logistics is efficiently managing its inventory by quickly selling through its stock, minimizing holding costs, and potentially reducing the risk of obsolete inventory. It signifies strong sales performance relative to the level of inventory on hand, which is generally viewed positively by investors and creditors. However, it's important to monitor this ratio over time to ensure consistency and effectiveness in inventory management practices.
Peer comparison
Dec 31, 2024
Dec 31, 2024