ACI Worldwide Inc (ACIW)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 791,783 | 719,211 | 696,071 | 638,871 | 622,459 |
| Inventory | US$ in thousands | — | — | 28,010 | 24,698 | 24,288 |
| Inventory turnover | — | — | 24.85 | 25.87 | 25.63 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $791,783K ÷ $—K
= —
The inventory turnover ratio for ACI Worldwide Inc has shown a consistent trend over the years. In 2020, the inventory turnover was 25.63 times, indicating that the company's inventory was sold and replaced approximately 25.63 times during the year. This ratio increased slightly to 25.87 in 2021, suggesting a slightly more efficient management of inventory.
However, there was a slight decrease in the inventory turnover ratio to 24.85 in 2022. This could indicate a slower movement of inventory or a buildup of excess inventory relative to sales during that period. The data for 2023 and 2024 are unavailable.
Overall, ACI Worldwide Inc's inventory turnover ratios suggest that the company has been effectively managing its inventory, with relatively high turnover rates compared to industry averages. Monitoring this ratio closely in the future will be important to ensure efficient inventory management and optimize working capital.
Peer comparison
Dec 31, 2024