Texas Pacific Land Trust (TPL)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 134,976 | 92,278 | 72,215 | 65,027 | 56,157 |
| Inventory | US$ in thousands | — | 5,380 | 109,704 | 109,071 | 108,536 |
| Inventory turnover | — | 17.15 | 0.66 | 0.60 | 0.52 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $134,976K ÷ $—K
= —
The inventory turnover ratio for Texas Pacific Land Trust has shown an increasing trend over the years. In December 2020, the inventory turnover was 0.52, which improved to 0.60 in December 2021 and further increased to 0.66 in December 2022. This indicates that the company is managing its inventory more efficiently, with a faster rate of inventory turnover.
However, there was a substantial spike in the inventory turnover ratio in December 2023, reaching 17.15. This sudden increase could be attributed to various factors such as changes in customer demand, inventory management policies, or fluctuations in sales volume. It would be important for stakeholders to further investigate the reasons behind this significant change.
Unfortunately, the data for December 2024 is unavailable (denoted by "—"), which limits the ability to analyze the most recent inventory turnover performance. In conclusion, Texas Pacific Land Trust has displayed a generally positive trend in inventory turnover efficiency, but the anomaly in 2023 underscores the importance of ongoing monitoring and analysis of inventory management practices.