Gibraltar Industries Inc (ROCK)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 956,936 | 1,015,770 | 1,071,270 | 1,049,770 | 776,235 |
| Inventory | US$ in thousands | 138,140 | 120,503 | 170,360 | 176,207 | 98,307 |
| Inventory turnover | 6.93 | 8.43 | 6.29 | 5.96 | 7.90 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $956,936K ÷ $138,140K
= 6.93
The inventory turnover of Gibraltar Industries Inc has shown variation over the past five years. In December 2020, the inventory turnover was 7.90 times, indicating the company's ability to sell and replace its inventory within a short period. However, this ratio decreased to 5.96 times by December 2021, suggesting a slower rate of inventory turnover.
In the following years, the inventory turnover showed some improvement, reaching 6.29 times by December 2022 and further increasing to 8.43 times by December 2023. This indicates a more efficient management of inventory, with the company selling and replenishing its stock at a faster pace.
However, there was a slight decrease in inventory turnover to 6.93 times by December 2024. Despite this decrease, the company's inventory turnover remains relatively high, reflecting efficient inventory management practices.
Overall, the trend in inventory turnover for Gibraltar Industries Inc shows some fluctuations but generally demonstrates an effective handling of inventory, ensuring optimal utilization and turnover of goods within the business.
Peer comparison
Dec 31, 2024