XPO Logistics Inc (XPO)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,099,000 | 3,885,000 | 6,145,000 | 10,780,000 | 10,867,000 |
| Inventory | US$ in thousands | — | — | 17,000 | 26,000 | — |
| Inventory turnover | — | — | 361.47 | 414.62 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,099,000K ÷ $—K
= —
The inventory turnover of XPO Logistics Inc has shown a significant improvement from 2021 to 2022, with an increase from 414.62 to 361.47. This indicates that the company is managing its inventory more efficiently, with its inventory being sold and replenished at a faster rate in 2022 compared to 2021. However, it is worth noting that the data for 2020, 2023, and 2024 is not available, making it difficult to track the trend consistently across the years. Overall, the high inventory turnover ratio in 2022 suggests that XPO Logistics Inc is effectively managing its inventory levels, which can lead to lower carrying costs and improved profitability.
Peer comparison
Dec 31, 2024