Republic Services Inc (RSG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,350,000 | 8,942,200 | 8,204,700 | 6,737,700 | 6,100,500 |
| Inventory | US$ in thousands | 98,000 | 97,300 | 96,600 | 72,200 | 59,100 |
| Inventory turnover | 95.41 | 91.90 | 84.93 | 93.32 | 103.22 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,350,000K ÷ $98,000K
= 95.41
The inventory turnover ratio for Republic Services Inc has shown a consistent downward trend over the years, declining from 103.22 in December 2020 to 93.32 in December 2021, further decreasing to 84.93 in December 2022, and then experiencing a slight recovery to 91.90 in December 2023. By December 2024, the inventory turnover ratio improved to 95.41.
Overall, the decreasing trend in inventory turnover indicates that Republic Services Inc is taking longer to sell its inventory, which could imply inefficiencies in managing inventory levels or challenges in matching supply with demand. The slight recovery in 2023 and improvement in 2024 indicate some progress in addressing these issues, but further analysis into the company's inventory management practices and operational efficiency may be warranted to ensure optimal utilization of resources.
Peer comparison
Dec 31, 2024