Southwest Gas Holdings Inc (SWX)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,147,060 | 3,093,160 | 2,406,850 | 2,124,920 | 1,938,790 |
| Inventory | US$ in thousands | 83,400 | 2,187,650 | 291,145 | 2,053 | 44,412 |
| Inventory turnover | 37.73 | 1.41 | 8.27 | 1,035.03 | 43.65 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,147,060K ÷ $83,400K
= 37.73
To calculate Southwest Gas Holdings Inc's inventory turnover ratio, we need information on cost of goods sold (COGS) and average inventory for each year. Since the specific data for these figures is not provided in the table, the inventory turnover ratio cannot be calculated accurately.
However, inventory turnover ratio is a key indicator of how effectively a company is managing its inventory levels and generating sales from its inventory. A higher inventory turnover ratio generally indicates that a company is selling its inventory quickly and efficiently, while a lower ratio may suggest overstocking or slow-moving inventory.
To assess Southwest Gas Holdings Inc's inventory turnover performance, it is recommended to obtain the relevant financial data to calculate the ratio and compare it over the years to identify any trends or anomalies.
Peer comparison
Dec 31, 2023