Republic Services Inc (RSG)
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 | 10,238,400 | 10,611,900 | 10,080,600 | 9,482,700 | 9,369,000 | 8,859,500 | 8,767,600 | 8,607,600 | 8,200,400 | 7,829,000 | 7,380,600 | 6,966,900 | 6,738,900 | 6,476,200 | 6,267,600 | 6,085,000 | 6,100,800 | 6,097,600 | 6,193,600 | 6,342,500 |
| Inventory | US$ in thousands | 98,000 | 97,700 | 99,900 | 101,400 | 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 |
| Inventory turnover | 104.47 | 108.62 | 100.91 | 93.52 | 96.29 | 88.60 | 91.23 | 87.92 | 84.89 | 77.44 | 73.66 | 86.55 | 93.34 | 94.96 | 98.08 | 99.59 | 103.23 | 103.70 | 105.87 | 111.08 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,238,400K ÷ $98,000K
= 104.47
The inventory turnover ratio for Republic Services Inc has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio represents the number of times the company's inventory is sold and replaced over a certain period. A higher inventory turnover ratio generally indicates that the company is efficient in managing its inventory.
Initially, the inventory turnover was high at 111.08 on March 31, 2020, which suggests that the company was selling its inventory quickly. However, the ratio gradually declined to 104.47 by December 31, 2024, indicating a slower rate of inventory turnover. A decreasing inventory turnover ratio may signify excess inventory levels, slow sales, or inefficient inventory management.
It is essential for Republic Services Inc to monitor and analyze its inventory turnover regularly to assess the effectiveness of its inventory management strategies and optimize its operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024