Union Pacific Corporation (UNP)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,767,000 | 10,195,000 | 10,452,000 | 8,351,000 | 7,607,000 |
| Inventory | US$ in thousands | 769,000 | 743,000 | 741,000 | 621,000 | 638,000 |
| Inventory turnover | 12.70 | 13.72 | 14.11 | 13.45 | 11.92 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,767,000K ÷ $769,000K
= 12.70
Union Pacific Corporation's inventory turnover has shown a consistent upward trend over the years. It increased from 11.92 in 2020 to 13.45 in 2021, further rising to 14.11 in 2022. Although there was a slight dip to 13.72 in 2023, the ratio remained relatively high. In 2024, the inventory turnover decreased to 12.70 but still suggests efficient management of inventory levels. Overall, Union Pacific Corporation has been effectively managing its inventory turnover, indicating efficient use of its inventory resources. A higher inventory turnover ratio often indicates that the company is selling its products quickly and efficiently, leading to a positive impact on its profitability.
Peer comparison
Dec 31, 2024