Quanta Services (BSP:Q1UA34) Inventory Turnover : 29.29 (As of Dec. 2023)

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What is Quanta Services Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Quanta Services's Cost of Goods Sold for the three months ended in Dec. 2023 was R$24,457 Mil. Quanta Services's Average Total Inventories for the quarter that ended in Dec. 2023 was R$835 Mil. Quanta Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 29.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quanta Services's Days Inventory for the three months ended in Dec. 2023 was 3.12.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Quanta Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Quanta Services Inventory Turnover Historical Data

The historical data trend for Quanta Services's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Quanta Services Inventory Turnover Chart

Quanta Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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133.36

201.04

168.90

149.53

125.40

Quanta Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															37.24	29.30	26.42	30.05	29.29

Quanta Services Inventory Turnover Calculation

Quanta Services's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	87927.499	/ (	(541.666	+	860.689)	/	2 )
=	87927.499	/	701.1775
=	125.40

Quanta Services's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	24457.253	/ (	(809.349	+	860.689)	/	2 )
=	24457.253	/	835.019
=	29.29

Quanta Services (BSP:Q1UA34) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Quanta Services's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	835.019	/	24457.253	*	365 / 4
	=	3.12

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Quanta Services's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	835.019	/	28340.188
	=	0.03

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Quanta Services Inventory Turnover Related Terms

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Quanta Services (BSP:Q1UA34) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanta Services Inc (BSP:Q1UA34) » Definitions » Inventory Turnover

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PWR:USA QAA:Germany

Address

277 North Loop West, Houston, TX, USA, 77008

Website

https://www.quantaservices.com

Quanta Services is a leading provider of specialty contracting services, delivering comprehensive infrastructure solutions for the electric and gas utility, communications, pipeline, and energy industries in the United States, Canada, and Australia. Quanta reports its results under three reportable segments: electric power, renewables infrastructure, and underground utility and infrastructure. In 2021, the company acquired Blattner, a provider of comprehensive engineering, procurement, and construction solutions to customers in the renewable energy industry.

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