AMN Healthcare Services Inc (AMN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,064,400 | 2,539,670 | 3,526,560 | 2,674,630 | 1,601,940 |
| Inventory | US$ in thousands | — | 0 | — | 101,722 | 38,846 |
| Inventory turnover | — | — | — | 26.29 | 41.24 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,064,400K ÷ $—K
= —
The inventory turnover ratio is an important efficiency metric that measures how many times a company's inventory is sold and replaced over a specific period. In the case of AMN Healthcare Services Inc:
1. As of December 31, 2020, the inventory turnover ratio was 41.24. This indicates that during 2020, the company's inventory was turned over approximately 41 times. A high inventory turnover ratio suggests that the company is efficiently managing its inventory and quickly selling its goods.
2. By December 31, 2021, the inventory turnover ratio decreased to 26.29. This decline may indicate that the company's sales slowed down or that there was excess inventory on hand, which could tie up working capital.
3. For the years 2022, 2023, and 2024, the inventory turnover ratios are not available (indicated by "—"). The absence of data for these years may imply that the company has not reported its financial information or that there may be other factors affecting the calculation of the ratio.
Overall, the analysis of AMN Healthcare Services Inc's inventory turnover ratio indicates fluctuations in the efficiency of inventory management over the years examined. It is important for the company to monitor this ratio closely to ensure optimal use of its resources and to maintain a healthy balance between inventory levels and sales activity.
Peer comparison
Dec 31, 2024