Stericycle Inc (SRCL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,639,700 | 2,693,800 | 2,704,300 | 2,718,700 | 3,596,200 |
| Inventory | US$ in thousands | — | 33,200 | 45,600 | 63,000 | 60,700 |
| Inventory turnover | — | 81.14 | 59.30 | 43.15 | 59.25 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,639,700K ÷ $—K
= —
To calculate Stericycle Inc.'s inventory turnover ratio, we need to obtain the cost of goods sold (COGS) and the average inventory for each of the fiscal years provided. Inventory turnover is a crucial ratio that indicates how effectively a company is managing its inventory levels. A higher turnover ratio signifies that the company is selling its inventory quickly and efficiently.
By dividing COGS by the average inventory for a given year, we can determine how many times, on average, the company sold and replaced its inventory during that period. This ratio provides insights into the liquidity and efficiency of Stericycle Inc.'s inventory management practices.
Without the specific values for COGS and inventory, it is not feasible to calculate the inventory turnover ratio for Stericycle Inc. based on the provided data. However, tracking this ratio over multiple years would allow us to assess trends in inventory management efficiency and identify areas for improvement within the company's operations.
Peer comparison
Dec 31, 2023