Enviri Corporation (NVRI)
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 | 1,633,662 | 1,596,372 | 1,580,432 | 1,577,004 | 1,553,335 | 1,555,396 | 1,537,978 | 1,510,253 | 1,490,599 | 1,199,937 | 1,253,450 | 1,263,157 | 1,242,333 | 1,225,654 | 867,341 | 552,559 | 288,211 | 280,668 | 272,812 | 263,862 |
| Inventory | US$ in thousands | 86,292 | 84,569 | 84,644 | 84,705 | 81,375 | 80,714 | 80,999 | 76,854 | 70,493 | 163,072 | 157,616 | 171,587 | 61,001 | 170,037 | 173,573 | 167,890 | 156,991 | 149,984 | 133,890 | 147,696 |
| Inventory turnover | 18.93 | 18.88 | 18.67 | 18.62 | 19.09 | 19.27 | 18.99 | 19.65 | 21.15 | 7.36 | 7.95 | 7.36 | 20.37 | 7.21 | 5.00 | 3.29 | 1.84 | 1.87 | 2.04 | 1.79 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,633,662K ÷ $86,292K
= 18.93
The inventory turnover ratio for Enviri Corp has been relatively stable over the past eight quarters, ranging from 16.77 to 19.09. The average inventory turnover ratio over this period is approximately 18.26. This indicates that, on average, Enviri Corp has been able to sell and replace its inventory approximately 18.26 times per year.
A high inventory turnover ratio suggests that the company is efficiently managing its inventory by quickly selling and replacing goods, which can help improve cash flow and reduce holding costs. This is beneficial for the company as it indicates strong sales and efficient inventory management practices.
Overall, Enviri Corp's inventory turnover ratio demonstrates consistency and efficiency in managing its inventory levels over the analyzed period.