Gibraltar Industries Inc (ROCK)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 956,936 | 978,817 | 996,507 | 1,007,550 | 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 |
| Inventory | US$ in thousands | 138,140 | 138,171 | 134,493 | 137,878 | 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 |
| Inventory turnover | 6.93 | 7.08 | 7.41 | 7.31 | 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $956,936K ÷ $138,140K
= 6.93
The inventory turnover of Gibraltar Industries Inc has shown fluctuations over the reported periods. The inventory turnover ratio, which measures how efficiently the company is managing its inventory, ranged from a high of 8.29 in September 2020 to a low of 5.37 in September 2022.
A higher inventory turnover ratio indicates that the company is selling its inventory more quickly, which is generally a positive sign. Conversely, a lower ratio may suggest slower sales or excess inventory on hand.
From the data provided, we can observe a decreasing trend in the inventory turnover ratio from September 2023 to December 2024, with the ratio decreasing from 8.43 to 6.93. This indicates a potential inefficiency in managing inventory during this period, which could lead to higher holding costs or lower profitability if not effectively addressed.
Overall, it is important for Gibraltar Industries Inc to closely monitor its inventory turnover ratio and take appropriate actions to optimize its inventory management practices for improved operational efficiency and financial performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024