Republic Services Inc (RSG)
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 | 10,828,500 | 10,598,200 | 10,474,400 | 10,287,600 | 9,788,500 | 9,394,200 | 8,869,100 | 8,375,900 | 8,095,600 | 5,948,300 | 5,701,900 | 5,464,100 | 5,489,900 | 7,319,800 | 7,435,000 | 7,598,200 | 7,549,500 | 7,562,300 | 7,498,300 | 7,436,100 |
| Inventory | US$ in thousands | 97,300 | 100,000 | 96,100 | 97,900 | 96,600 | 101,100 | 100,200 | 80,500 | 72,200 | 68,200 | 63,900 | 61,100 | 59,100 | 58,800 | 58,500 | 57,100 | 56,800 | 55,300 | 56,200 | 55,400 |
| Inventory turnover | 111.29 | 105.98 | 108.99 | 105.08 | 101.33 | 92.92 | 88.51 | 104.05 | 112.13 | 87.22 | 89.23 | 89.43 | 92.89 | 124.49 | 127.09 | 133.07 | 132.91 | 136.75 | 133.42 | 134.23 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,828,500K ÷ $97,300K
= 111.29
The inventory turnover ratio for Republic Services, Inc. has been relatively stable over the past eight quarters, ranging from 73.65 to 91.90. This indicates the efficiency with which the company manages its inventory levels and converts them into sales within a given period.
The higher the inventory turnover ratio, the better, as it implies that the company is selling its inventory quickly and efficiently. Republic Services, Inc. has shown a consistent ability to turn over its inventory at a relatively high rate, which is generally a positive sign for investors and creditors.
Although there has been some fluctuation in the inventory turnover ratio over the quarters, it has generally remained at healthy levels. The company's ability to maintain strong inventory turnover suggests effective inventory management practices, which can lead to improved cash flow and profitability.
Overall, based on the inventory turnover data provided, Republic Services, Inc. appears to be effectively managing its inventory levels and converting them into sales efficiently, which is a positive indicator of its operational performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023