Republic Services (Republic Services) Inventory Turnover

: 22.95 (As of Dec. 2023)

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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. Republic Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,264 Mil. Republic Services's Average Total Inventories for the quarter that ended in Dec. 2023 was $99 Mil. Republic Services's Inventory Turnover for the quarter that ended in Dec. 2023 was 22.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Republic Services's Days Inventory for the three months ended in Dec. 2023 was 3.98.

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. Republic Services's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Republic Services Inventory Turnover Historical Data

The historical data trend for Republic 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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Republic Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

114.62

105.27

102.63

97.22

92.24

Republic 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																22.07	22.31	22.93	23.30	22.95

Republic Services Inventory Turnover Calculation

Republic 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 )
=	8942.2	/ (	(96.6	+	97.3)	/	2 )
=	8942.2	/	96.95
=	92.24

Republic 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 )
=	2264.2	/ (	(100	+	97.3)	/	2 )
=	2264.2	/	98.65
=	22.95

Republic Services (NYSE:RSG) 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.

Republic 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
	=	98.65	/	2264.2	*	365 / 4
	=	3.98

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.

Republic 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 )
	=	98.65	/	3831.6
	=	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.

Republic Services Inventory Turnover Related Terms

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Republic Services (Republic Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Republic Services Inc (NYSE:RSG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RSGA:Mexico RPU:Germany RPU:Germany R1SG34:Brazil

Address

18500 North Allied Way, Phoenix, AZ, USA, 85054

Website

https://www.republicservices.com

Republic Services is the second-largest integrated provider of traditional solid waste services in the United States, operating roughly 206 active landfills and 233 transfer stations. The company serves residential, commercial, and industrial end markets. It also runs a sizable recycling operation in North America.

Executives

Gregg Brummer	officer: EVP, COO	18500 N. ALLIED WAY, PHOENIX AZ 85054
Amanda Hodges	officer: EVP, Chief Marketing Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Brian M Delghiaccio	officer: EVP Chief Financial Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Margaret Reynolds	director	18500 N. ALLIED WAY, PHOENIX AZ 85054
Rodriguez Courtney	officer: EVP, Chief HR Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Tomago Collins	director	18500 NORTH ALLIED WAY, PHOENIX AZ 85054
Katharine Weymouth	director	1300 NORTH 17TH STREET, SUITE 1700, ARLINGTON VA 22209
Jennifer M Kirk	director	5 GREENWAY PLAZA, SUITE 110, HOUSTON TX 77046
Michael A Duffy	director	C/O 18500 N. ALLIED WAY, PHOENIX AZ 85054
Ark Jon Vander	officer: EVP-Chief Operating Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Timothy E Stuart	officer: COO	18500 N ALLIED WAY, PHOENIX AZ 85054
Brian A Goebel	officer: CAO	7025 E. GREENWAY PARKWAY, SUITE 100, SCOTTSDALE AZ 85254
Cascade Investment, L.l.c.	10 percent owner	2365 CARILLON POINT, KIRKLAND WA 98033
Graaf Sumona De	officer: EVP, Chief HR Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054
Katrina Liddell	officer: EVP, Chief Commercial Officer	18500 N. ALLIED WAY, PHOENIX AZ 85054