Appfolio Inc (APPF)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	480,896	426,438	279,023	229,854	192,948
Inventory	US$ in thousands	—	0	0	—	0
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $480,896K ÷ $—K
= —

To calculate the inventory turnover ratio for Appfolio Inc, we need the following information: Cost of Goods Sold (COGS) and Average Inventory. Unfortunately, with the data provided in the table, the inventory turnover ratio cannot be calculated due to the absence of either the COGS or Average Inventory figures for the respective years. This ratio is essential for assessing how efficiently the company is managing its inventory levels and converting them into sales. Therefore, without the specific data points, a thorough analysis of Appfolio Inc's inventory turnover for the mentioned years is not feasible. To conduct a more in-depth analysis, it would be crucial to obtain the missing financial values to compute the ratio accurately.