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.