MasTec Inc (MTZ)
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 | 10,952,860 | 11,050,030 | 11,117,880 | 10,926,460 | 10,765,150 | 10,338,460 | 9,669,180 | 9,212,510 | 8,586,340 | 7,508,580 | 7,378,080 | 7,025,200 | 6,805,740 | 6,568,660 | 5,891,840 | 5,558,430 | 5,270,870 | 5,382,880 | 5,692,920 | 5,984,500 |
| Inventory | US$ in thousands | 107,345 | 101,158 | 107,883 | 112,323 | 108,146 | 129,146 | 152,845 | 164,917 | 117,969 | 127,546 | 123,766 | 101,420 | 92,595 | 91,781 | 87,355 | 92,677 | 89,645 | 85,541 | 104,893 | 106,586 |
| Inventory turnover | 102.03 | 109.24 | 103.05 | 97.28 | 99.54 | 80.05 | 63.26 | 55.86 | 72.78 | 58.87 | 59.61 | 69.27 | 73.50 | 71.57 | 67.45 | 59.98 | 58.80 | 62.93 | 54.27 | 56.15 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,952,860K ÷ $107,345K
= 102.03
The inventory turnover ratio for MasTec Inc indicates the number of times the company sells and replaces its inventory during a specified period. A higher turnover ratio suggests that the company is efficient in managing its inventory and generating sales.
Analyzing the data provided, we observe fluctuations in MasTec Inc's inventory turnover ratio over the quarters. The ratio ranged from a low of 54.27 in June 2020 to a peak of 109.24 in September 2024. This indicates variations in the company's inventory management efficiency and sales performance over the quarters.
Noteworthy is the upward trend in the inventory turnover ratio from September 2021 to December 2024, indicating an improvement in inventory management efficiency. However, the ratio dipped slightly in the most recent quarter of December 2024 compared to the previous quarter.
Overall, MasTec Inc's inventory turnover ratio has shown variability over the quarters, with periods of improvement and some fluctuations. It is important for the company to monitor and manage its inventory effectively to ensure optimal performance and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024