Aspen Technology Inc (AZPN)

Inventory turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Cost of revenue	US$ in thousands	382,576	373,589	199,916
Inventory	US$ in thousands	—	11,424	-12,377
Inventory turnover		—	32.70	—

June 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $382,576K ÷ $—K
= —

Aspen Technology Inc's inventory turnover for the fiscal year ending June 30, 2023, was 32.70. The inventory turnover ratio indicates how efficiently the company is managing its inventory. A high inventory turnover ratio signifies that the company is selling its inventory quickly and efficiently. It shows that Aspen Technology Inc is effectively managing its inventory levels and has a strong demand for its products.

However, the absence of data for inventory turnover in the fiscal years ending June 30, 2024, and 2022 makes it challenging to assess the trend over multiple periods. It would be beneficial to have more historical data to analyze Aspen Technology Inc's inventory turnover performance consistently.