Booking Holdings Inc (BKNG)
Inventory turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 12,126,000 | 9,843,000 | 7,169,000 | 6,373,000 | 3,514,000 |
Inventory | US$ in thousands | — | 477,000 | 404,000 | 337,000 | — |
Inventory turnover | — | 20.64 | 17.75 | 18.91 | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $12,126,000K ÷ $—K
= —
To calculate the inventory turnover ratio for Booking Holdings Inc, we need the cost of goods sold (COGS) and the average inventory over the respective years. The formula for inventory turnover is:
Inventory Turnover = Cost of Goods Sold / Average Inventory
Without the specific values for COGS and Inventory, we are unable to calculate the inventory turnover ratio for Booking Holdings Inc for the years provided. The inventory turnover ratio is a key financial metric that indicates how efficiently a company manages its inventory by measuring how many times a company sells and replaces its inventory within a given period.
A higher inventory turnover ratio suggests that the company is selling its goods quickly, which can indicate strong sales or effective inventory management. In contrast, a lower inventory turnover ratio may indicate overstocking, obsolete inventory, or slower sales.
Therefore, in the absence of the necessary data, we are unable to provide a detailed analysis of the inventory turnover for Booking Holdings Inc over the specified years.
Peer comparison
Dec 31, 2023