Quanta Services Inc (PWR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 20,162,000 | 17,945,100 | 14,544,700 | 11,027,000 | 9,541,820 |
| Inventory | US$ in thousands | 260,181 | 175,658 | 103,265 | 84,659 | 50,472 |
| Inventory turnover | 77.49 | 102.16 | 140.85 | 130.25 | 189.05 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $20,162,000K ÷ $260,181K
= 77.49
Quanta Services Inc's inventory turnover has shown a downward trend over the past five years, declining from 189.05 in December 2020 to 77.49 in December 2024. This indicates that the company is selling its inventory less frequently compared to the previous years. A decreasing inventory turnover could imply inefficiencies in inventory management, potential overstocking, or difficulties in converting inventory into sales. It may also suggest a slowdown in sales or changes in customer demand. Quanta Services Inc should closely monitor its inventory levels and sales strategies to improve inventory turnover and overall operational efficiency.
Peer comparison
Dec 31, 2024