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


See also:

Booking Holdings Inc Inventory Turnover