Brinks Company (BCO)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	3,707,100	3,461,900	3,235,800	2,877,300	2,832,100
Inventory	US$ in thousands	—	—	333,400	279,100	137,300
Inventory turnover		—	—	9.71	10.31	20.63

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,707,100K ÷ $—K
= —

To calculate Brink`s Co. inventory turnover for each year, we need to use the formula:

Inventory Turnover = Cost of Goods Sold / Average Inventory

Given that the information on Cost of Goods Sold is not provided in the table, we are unable to compute the inventory turnover for any of the years. Inventory turnover is a key financial metric that indicates how efficiently a company manages its inventory levels. A higher inventory turnover ratio typically signifies that the company is selling its products quickly and efficiently.

Without access to the financial data, we are unable to analyze Brink`s Co.'s inventory turnover trend over the specified period. It is essential for investors and stakeholders to assess inventory turnover alongside other financial ratios and performance indicators to gauge the company's operational efficiency and inventory management practices effectively.