Mednax Inc (MD)
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 | 1,577,674 | 1,599,112 | 1,604,498 | 1,590,651 | 1,573,075 | 1,575,836 | 1,550,820 | 1,526,299 | 1,504,988 | 1,467,578 | 1,447,752 | 1,428,369 | 1,397,949 | 1,346,329 | 1,323,792 | 1,353,266 | 1,690,027 | 2,060,997 | 2,385,912 | 2,652,199 |
| Inventory | US$ in thousands | — | — | — | 0 | 13,525 | 10,586 | 12,461 | 0 | 0 | 9,664 | 0 | 16,323 | 0 | 12,645 | 18,896 | 19,447 | 0 | 964,865 | 14,343 | 19,409 |
| Inventory turnover | — | — | — | — | 116.31 | 148.86 | 124.45 | — | — | 151.86 | — | 87.51 | — | 106.47 | 70.06 | 69.59 | — | 2.14 | 166.35 | 136.65 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,577,674K ÷ $—K
= —
The inventory turnover ratio for Mednax Inc provides insight into how efficiently the company is managing its inventory. A higher turnover ratio generally indicates that the company is selling its inventory more quickly, which is favorable as it reduces holding costs and the risk of obsolete inventory.
Analyzing the data provided, we observe fluctuations in the inventory turnover ratio over the periods mentioned. In some quarters, such as June 30, 2020, and September 30, 2022, the turnover ratios are relatively high, indicating that Mednax Inc was able to sell its inventory at a rapid pace during those periods.
On the other hand, there are instances where the inventory turnover ratio is significantly lower, such as in September 30, 2020, and March 31, 2021, suggesting potential issues with inventory management or slower sales during those periods.
The absence of data for some quarters, like December 31, 2020, and March 31, 2024, makes it challenging to assess the company's performance accurately in those specific periods.
Overall, analyzing the inventory turnover ratio trends can provide valuable insights into Mednax Inc's inventory management efficiency and sales performance. It would be important for the company to maintain a balance to ensure optimal inventory utilization and minimize holding costs.
Peer comparison
Dec 31, 2024
Dec 31, 2024