Tetra Tech Inc (TTEK)
Inventory turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 88,293 | 78,500 | 77,700 | 1,044,980 | 1,766,400 | 1,760,727 | 1,750,027 | 772,447 | 39,427 | 39,167 | 36,667 | 34,767 | 34,567 | 39,900 | 38,700 | 39,200 | 38,300 | 768,960 | 1,470,066 | 2,087,816 |
| Inventory | US$ in thousands | 129,678 | — | 0 | 0 | — | — | — | — | 0 | 0 | — | — | — | — | — | — | 0 | 0 | — | — |
| Inventory turnover | 0.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $88,293K ÷ $129,678K
= 0.68
The inventory turnover for Tetra Tech Inc as of September 30, 2024, is 0.68. This ratio indicates that the company's inventory is turning over approximately 0.68 times during the period. A lower inventory turnover may suggest slower sales or excess inventory on hand, which could potentially lead to higher carrying costs and obsolescence risks. It is important for the company to monitor and manage its inventory levels effectively to optimize its operations and financial performance. Further trend analysis over multiple periods would provide a more comprehensive assessment of inventory management efficiency.
Peer comparison
Sep 30, 2024
Sep 30, 2024