CarGurus (CARG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 155,439 | 262,788 | 997,482 | 294,015 | 42,706 |
| Inventory | US$ in thousands | 338 | 331 | 5,282 | 19,656 | -100,000 |
| Inventory turnover | 459.88 | 793.92 | 188.85 | 14.96 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $155,439K ÷ $338K
= 459.88
CarGurus' inventory turnover has shown a significant improvement over the years, indicating efficient management of inventory levels. The ratio has increased from \u2014 in December 31, 2020, to 14.96 in December 31, 2021, demonstrating a positive trend. This improvement continued with a substantial jump to 188.85 in December 31, 2022, and further to 793.92 in December 31, 2023. However, there was a slight decrease in inventory turnover to 459.88 in December 31, 2024. Overall, CarGurus' inventory turnover has experienced remarkable growth over the years, reflecting effective inventory management practices.
Peer comparison
Dec 31, 2024