MasTec Inc (MTZ)
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 | 12,106,630 | 11,832,750 | 11,065,860 | 10,544,410 | 9,850,900 | 8,579,820 | 8,413,650 | 7,990,870 | 7,649,560 | 7,205,000 | 6,469,480 | 6,094,250 | 5,782,050 | 5,894,050 | 6,126,200 | 4,690,659 | 3,372,595 | 1,986,095 | 286,146 | 283,629 |
| Inventory | US$ in thousands | 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 | 100,069 | 106,690 | 126,965 | 121,648 |
| Inventory turnover | 111.95 | 91.62 | 72.40 | 63.94 | 83.50 | 67.27 | 67.98 | 78.79 | 82.61 | 78.50 | 74.06 | 65.76 | 64.50 | 68.90 | 58.40 | 44.01 | 33.70 | 18.62 | 2.25 | 2.33 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $12,106,630K ÷ $108,146K
= 111.95
MasTec Inc's inventory turnover has shown significant fluctuations over the past few quarters. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating the number of times its inventory is sold and replaced within a given period.
From Dec 31, 2019, to Dec 31, 2023, MasTec Inc's inventory turnover has increased from 2.25 to 111.95. This significant rise highlights a substantial improvement in managing inventory levels efficiently and converting them into sales rapidly.
While there are fluctuations in the ratio from quarter to quarter, the general trend indicates an overall improvement in inventory turnover efficiency. Such rapid turnover of inventory can indicate effective sales strategies, demand forecasting, and inventory management practices within the company.
However, it is important to consider other factors such as industry norms, seasonality, and economic conditions to provide a comprehensive analysis of MasTec Inc's inventory turnover performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023