Acadia Healthcare Company Inc (ACHC)

Inventory turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 1,937,200 1,665,770 1,500,260 1,367,520 2,071,310
Inventory US$ in thousands 5,300 5,087 4,786 4,851 4,075
Inventory turnover 365.51 327.46 313.47 281.90 508.30

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,937,200K ÷ $5,300K
= 365.51

Inventory turnover is a key financial ratio that measures how efficiently a company is managing its inventory by indicating how many times the company has sold and replaced its inventory during a specific period. A higher inventory turnover indicates that the company is selling its products quickly and efficiently.

Looking at the data provided for Acadia Healthcare Company Inc, we can see that the inventory turnover ratio is consistently reported as 0.00 for the years 2019 to 2023. A turnover ratio of 0.00 typically indicates that there is no inventory sold during the period or that the company had not reported any specific inventory turnover metrics.

The consistent reporting of 0.00 for the inventory turnover may suggest that Acadia Healthcare Company Inc's inventory management practices are not adequately disclosed or emphasized in its financial statements. It is important for investors and stakeholders to seek further clarification or additional information from the company's management to better understand its inventory management efficiency and performance.

In conclusion, the consistent 0.00 inventory turnover ratio for Acadia Healthcare Company Inc over the years indicates a lack of information or transparency regarding its inventory management practices, highlighting the importance of digging deeper into the company's disclosures to assess its inventory efficiency.