Tetra Tech Inc (TTEK)
Inventory turnover
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 86,192 | 39,427 | 34,567 | 46,824 | 2,699,160 |
| Inventory | US$ in thousands | — | 0 | — | 0 | 0 |
| Inventory turnover | — | — | — | — | — |
September 30, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $86,192K ÷ $—K
= —
Based on the provided data, the inventory turnover ratio for Tetra Tech Inc is not available. It is essential to calculate this ratio by using the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
A higher inventory turnover ratio indicates that the company is selling its inventory quickly, while a lower ratio may suggest slow-moving inventory or overstocking issues. By calculating this ratio for Tetra Tech Inc over the years in question, a more detailed analysis can be conducted to evaluate the efficiency of the company's inventory management and operations.
Peer comparison
Sep 30, 2023