SJW Group Common Stock (SJW)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	323,323	281,929	263,524	255,114	247,950
Inventory	US$ in thousands	—	—	9,753	10,878	12,097
Inventory turnover		—	—	27.02	23.45	20.50

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $323,323K ÷ $—K
= —

Based on the data provided, the inventory turnover for SJW Group Common Stock has been consistently increasing over the years. In 2020, the inventory turnover was 20.50 times, which improved to 23.45 times by the end of 2021. Subsequently, the ratio further increased to 27.02 times by the end of 2022.

However, the data for the years 2023 and 2024 are not available ("—"). This information gap makes it difficult to assess the inventory turnover trend for these years.

Overall, the increasing trend in inventory turnover reflects the company's ability to efficiently manage its inventory levels and turn over its inventory into sales. Higher inventory turnover ratios typically indicate that the company is selling its goods quickly, which can be a positive sign for operational efficiency.