ArcBest Corp (ARCB)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,824,300	1,768,870	1,556,220	1,372,690	1,447,800
Inventory	US$ in thousands	—	40,240	40,104	37,774	30,377
Inventory turnover		—	43.96	38.80	36.34	47.66

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,824,300K ÷ $—K
= —

To calculate ArcBest Corp's inventory turnover for the years presented in the table, we would need the values for Cost of Goods Sold (COGS) and Inventory for each year. The formula for inventory turnover is as follows:

Inventory Turnover = Cost of Goods Sold / Average Inventory

However, without the specific values for COGS and Inventory, it is not possible to compute the inventory turnover ratio for ArcBest Corp. To perform a detailed analysis and assess the efficiency of the company's inventory management, these key financial figures are essential. It is recommended to refer to ArcBest Corp's financial statements or reports to obtain the necessary data to compute the inventory turnover ratio accurately.