Hilton Grand Vacations Inc (HGV)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,031,000 | 531,000 | 421,000 | 401,000 | 398,000 |
| Inventory | US$ in thousands | 2,244,000 | 1,400,000 | 1,159,000 | 0 | 0 |
| Inventory turnover | 0.46 | 0.38 | 0.36 | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,031,000K ÷ $2,244,000K
= 0.46
Hilton Grand Vacations Inc's inventory turnover ratio has shown improvement over the years, increasing from 0.36 in 2022 to 0.46 in 2024. This indicates that the company is able to sell its inventory more efficiently, as it takes less time to turn its inventory into sales. However, it is notable that the ratio was not available for the years 2020 and 2021, which may suggest a lack of data or fluctuations in inventory management during those periods. Overall, the increasing trend in inventory turnover is generally positive, as it signifies the company's ability to effectively manage and sell its inventory.