Gibraltar Industries Inc (ROCK)
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 | 1,015,770 | 1,014,711 | 1,026,086 | 1,034,589 | 1,071,272 | 1,095,073 | 1,084,439 | 1,075,219 | 1,049,772 | 983,908 | 916,104 | 838,269 | 776,235 | 646,524 | 650,885 | 660,359 | 678,336 | 659,084 | 646,233 | 642,669 |
| Inventory | US$ in thousands | 120,503 | 141,008 | 159,542 | 171,634 | 170,360 | 204,000 | 197,499 | 187,255 | 176,207 | 156,494 | 133,625 | 107,004 | 98,307 | 77,943 | 79,058 | 88,585 | 61,957 | 83,048 | 85,398 | 98,594 |
| Inventory turnover | 8.43 | 7.20 | 6.43 | 6.03 | 6.29 | 5.37 | 5.49 | 5.74 | 5.96 | 6.29 | 6.86 | 7.83 | 7.90 | 8.29 | 8.23 | 7.45 | 10.95 | 7.94 | 7.57 | 6.52 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,015,770K ÷ $120,503K
= 8.43
To analyze the inventory turnover of Gibraltar Industries Inc., we can observe that the company has shown a consistent improvement in its inventory turnover ratio over the past eight quarters. The inventory turnover ratio indicates how efficiently the company manages its inventory by measuring the number of times inventory is sold and replaced during a specific period.
In Q4 2023, the inventory turnover ratio stood at 8.43, representing a significant increase from the previous quarter's ratio of 7.20. This demonstrates that the company's inventory management has become more efficient, with inventory being sold and replaced at a faster rate.
Furthermore, when comparing the latest ratio to the figures from previous quarters, we observe a steady upward trend in inventory turnover, indicating a positive development in the company's operations. The consistent improvement in inventory turnover suggests that Gibraltar Industries Inc. is effectively managing its inventory levels, optimizing sales, and potentially reducing carrying costs associated with excess inventory.
Overall, the increasing trend in inventory turnover for Gibraltar Industries Inc. reflects positively on the company's operational efficiency and effectiveness in managing its inventory, which could lead to improved profitability and financial performance in the future.
Peer comparison
Dec 31, 2023
Dec 31, 2023