Southwest Gas Holdings Inc (SWX)
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 | 4,197,346 | 4,454,196 | 4,548,734 | 4,546,574 | 4,525,904 | 5,919,704 | 5,872,472 | 5,766,756 | 5,458,089 | 3,703,978 | 3,522,523 | 3,212,648 | 2,859,520 | 2,670,515 | 2,557,644 | 2,494,791 | 2,480,382 | 2,436,327 | 2,391,585 | 2,367,143 |
| Inventory | US$ in thousands | — | — | 82,700 | 198,682 | 83,400 | 711,617 | 812,390 | 997,332 | 2,187,650 | -41,300 | 74,500 | 64,600 | 291,145 | 240,827 | 235,104 | 238,886 | 2,053 | 55,000 | 57,000 | 53,000 |
| Inventory turnover | — | — | 55.00 | 22.88 | 54.27 | 8.32 | 7.23 | 5.78 | 2.49 | — | 47.28 | 49.73 | 9.82 | 11.09 | 10.88 | 10.44 | 1,208.17 | 44.30 | 41.96 | 44.66 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,197,346K ÷ $—K
= —
Southwest Gas Holdings Inc's inventory turnover has shown some fluctuations over the past few years. The inventory turnover ratio provides insight into how efficiently the company manages its inventory. A higher turnover ratio indicates that the company is selling its inventory quickly and efficiently.
Based on the data provided, Southwest Gas Holdings Inc's inventory turnover was notably high at 1,208.17 for the year-end December 31, 2020, which could be due to a significant increase in sales or a decrease in average inventory levels during that period. However, this extreme value may also indicate anomalies in the data or irregularities in inventory management.
Subsequently, the inventory turnover ratio decreased to 9.82 for December 31, 2021, before showing an upward trend and peaking at 55.00 for June 30, 2024. These fluctuations suggest potential fluctuations in sales volume or inventory levels during those periods.
Overall, Southwest Gas Holdings Inc's inventory turnover has shown some variability over the years, indicating changes in inventory management and sales efficiency. It is essential for the company to closely monitor and manage its inventory levels to ensure optimal utilization and efficiency in its operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024