ACI Worldwide Inc (ACIW)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	719,211	696,071	638,871	622,459	617,453
Inventory	US$ in thousands	—	28,010	24,698	24,288	24,542
Inventory turnover		—	24.85	25.87	25.63	25.16

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $719,211K ÷ $—K
= —

To calculate ACI Worldwide Inc's inventory turnover for each year, we would need the cost of goods sold (COGS) and the average inventory for those respective years. Without this specific data, we are unable to provide a calculation for the inventory turnover ratio. However, a higher inventory turnover ratio indicates that the company is efficiently managing its inventory by selling goods quickly, while a lower ratio may suggest excess inventory or slow sales. Investors should monitor changes in the inventory turnover ratio over time to assess the company's inventory management effectiveness.