Knife River Corporation (KNF)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,291,415 | |||
| Inventory | US$ in thousands | 319,623 | 314,711 | 374,377 | 373,215 |
| Inventory turnover | 7.17 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,291,415K ÷ $319,623K
= 7.17
The inventory turnover ratio for Knife River Corporation as of December 31, 2023, is 7.17, indicating that the company generated sales 7.17 times over the course of the year for every dollar invested in inventory. This ratio suggests that Knife River is efficiently managing its inventory levels by quickly turning over its inventory into sales. A higher inventory turnover ratio generally signifies better inventory management and liquidity for the company. However, it is essential to compare this ratio with industry averages and historical data to gain a more comprehensive understanding of the company's inventory management efficiency.
Peer comparison
Dec 31, 2023
Dec 31, 2023