Knight Transportation Inc (KNX)

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 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cost of revenue (ttm) US$ in thousands 6,516,250 6,702,040 6,514,730 6,122,570 5,752,090 5,313,450 5,336,510 5,562,290 5,654,010 5,654,040 5,453,320 5,005,530 4,585,484 4,221,428 3,912,557 3,750,740 3,704,744 3,700,863 3,764,334 3,919,901
Inventory US$ in thousands — 114,793 — — — 470,609 859,383 362,112 341,650 262,397 209,905 235,239 191,780 172,186 136,547 143,934 149,734 145,525 142,011 145,768
Inventory turnover — 58.38 — — — 11.29 6.21 15.36 16.55 21.55 25.98 21.28 23.91 24.52 28.65 26.06 24.74 25.43 26.51 26.89

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $6,516,250K ÷ $—K
= —

Knight Transportation Inc's inventory turnover has shown fluctuations over the past few years. The inventory turnover ratio, which measures how efficiently the company manages its inventory, decreased from 26.89 on March 31, 2020, to 6.21 on June 30, 2023, indicating a potential slowdown in inventory management efficiency during this period.

There was a significant drop in the inventory turnover ratio from June 30, 2023, to September 30, 2024, where it jumped to 58.38. This sharp increase may suggest either a sudden increase in sales or a decrease in average inventory levels during this period.

It's worth noting that for some quarters, such as December 31, 2023, March 31, 2024, and June 30, 2024, the inventory turnover data is unavailable, marked as "—". This may indicate a lack of data or a change in reporting practices for those periods.

Overall, monitoring the inventory turnover ratio can provide insights into Knight Transportation Inc's inventory management efficiency and its ability to convert inventory into sales. It is important to analyze trends in conjunction with other financial indicators to gain a comprehensive understanding of the company's performance.