PBF Energy Inc (PBF)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 33,487,500 | 35,926,200 | 42,151,700 | 26,366,200 | 16,745,600 |
| Inventory | US$ in thousands | 2,595,300 | 3,183,100 | 2,763,600 | 2,505,100 | 1,686,200 |
| Inventory turnover | 12.90 | 11.29 | 15.25 | 10.53 | 9.93 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $33,487,500K ÷ $2,595,300K
= 12.90
PBF Energy Inc's inventory turnover has shown a positive trend over the past five years. The company's inventory turnover ratio increased from 9.93 in December 2020 to 12.90 in December 2024, indicating that the company has been more efficient in managing its inventory levels. This suggests that PBF Energy has been able to sell and replace its inventory more frequently within the given time periods.
The highest inventory turnover ratio was recorded in December 2022 at 15.25, indicating that the company was able to convert its inventory into sales more than 15 times during that year. This could be a sign of effective inventory management and sales strategy.
Overall, the increasing trend in inventory turnover ratios for PBF Energy Inc reflects positively on the company's operational efficiency and ability to manage its inventory effectively to meet customer demand. This could lead to improved cash flow and profitability for the company in the long run.
Peer comparison
Dec 31, 2024