Enviri Corporation (NVRI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,902,590 | 1,633,660 | 1,553,340 | 1,490,560 | 1,500,810 |
| Inventory | US$ in thousands | 182,042 | 86,292 | 81,375 | 70,493 | 173,013 |
| Inventory turnover | 10.45 | 18.93 | 19.09 | 21.14 | 8.67 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,902,590K ÷ $182,042K
= 10.45
The inventory turnover of Enviri Corporation has shown a positive trend over the years, increasing from 8.67 in December 31, 2020 to 21.14 in December 31, 2021, and remaining relatively stable around the range of 18.93 to 19.09 for the following years. This indicates that the company is efficiently managing its inventory by selling and replenishing stock at a faster rate. The high inventory turnover ratio suggests that Enviri Corporation is effectively utilizing its resources and minimizing the risk of obsolescence or holding excessive inventory. However, the slight decrease in inventory turnover to 10.45 in December 31, 2024 may require further analysis to understand any potential changes in the company's operations or sales practices. Overall, Enviri Corporation's inventory turnover ratios reflect strong operational efficiency in managing its inventory effectively.