Huntington Ingalls Industries Inc (HII)
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 | 1,086,000 | 1,014,000 | 1,005,000 | 994,000 | 994,000 | 1,023,000 | 1,027,000 | 1,017,000 | 984,000 | 955,000 | 942,000 | 954,000 | 960,000 | 954,000 | 940,000 | 907,000 | 864,000 | 869,000 | 866,000 | 2,456,000 |
| Inventory | US$ in thousands | 186,000 | 194,000 | 190,000 | 190,000 | 183,000 | 174,000 | 196,000 | 120,000 | 161,000 | 122,000 | 127,000 | 122,000 | 137,000 | 127,000 | 123,000 | 117,000 | 136,000 | 102,000 | 99,000 | 98,000 |
| Inventory turnover | 5.84 | 5.23 | 5.29 | 5.23 | 5.43 | 5.88 | 5.24 | 8.48 | 6.11 | 7.83 | 7.42 | 7.82 | 7.01 | 7.51 | 7.64 | 7.75 | 6.35 | 8.52 | 8.75 | 25.06 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,086,000K ÷ $186,000K
= 5.84
The inventory turnover for Huntington Ingalls Industries Inc has shown a consistently high performance in Q4 2022 and Q4 2023, with figures of 50.47 and 52.73, respectively. This indicates that the company is efficiently managing its inventory by effectively selling and replenishing its stock. The significant increase from Q4 2022 to Q4 2023 reflects an even more effective utilization of inventory resources. However, it is worth noting that data for the other quarters is not available, so a comprehensive trend analysis over time cannot be performed. Overall, the high inventory turnover ratio suggests that Huntington Ingalls Industries Inc is effectively controlling its inventory levels and converting it into sales efficiently.
Peer comparison
Dec 31, 2023
Dec 31, 2023