Jacobs Solutions Inc. (J)
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 | 15,893,190 | 15,511,310 | 15,027,170 | 14,671,540 | 14,535,310 | 14,229,590 | 13,972,230 | 13,723,590 | 13,640,130 | 13,487,770 | 13,689,230 | 13,442,220 | 13,112,640 | 13,179,400 | 10,592,205 | 10,606,195 | 10,303,265 | 10,049,455 | 12,604,290 | 13,072,690 |
| Inventory | US$ in thousands | — | — | — | — | — | 0 | 0 | — | — | — | — | — | — | — | — | — | 4,022 | 952 | 2,704 | 1,297,430 |
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 2,561.73 | 10,556.15 | 4,661.35 | 10.08 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $15,893,190K ÷ $—K
= —
Jacobs Solutions Inc. has experienced a significant fluctuation in its inventory turnover ratio over the past few years. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced within a specific period.
From March 2019 to December 2019, the inventory turnover ratio was relatively stable around 10, indicating that the company was turning over its inventory 10 times during the year. However, in September 2020, there was a drastic increase in the inventory turnover ratio to 2,561.73, which suggests that inventory was turning over at an exceptionally high rate during that period.
Subsequently, in December 2022, the inventory turnover ratio surged even further to 10,556.15, reaching an extraordinary level. This sudden increase could indicate potential issues with inventory management, such as overstocking or aggressive sales strategies.
Overall, the significant fluctuations in Jacobs Solutions Inc.'s inventory turnover ratio over the years may reflect changes in the company's operations, market demand, inventory purchasing patterns, or other internal and external factors influencing inventory management. It would be important for the company to assess the reasons behind these fluctuations and ensure that inventory levels are effectively aligned with sales to optimize operational efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023