Cars.com Inc (CARS)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	413,278	383,866	383,829	1,261,660	869,544
Inventory	US$ in thousands	12,553	8,377	7,810	6,491	6,526
Inventory turnover		32.92	45.82	49.15	194.37	133.24

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $413,278K ÷ $12,553K
= 32.92

Based on the provided data, the inventory turnover ratio for Cars.com is not available for the years 2019, 2020, 2021, 2022, and 2023. Consequently, without the specific values for the inventory turnover ratio, it is challenging to evaluate the efficiency of how effectively Cars.com manages its inventory by converting it into sales. The inventory turnover ratio is a key indicator of a company's operational efficiency and financial health, so it would be beneficial to calculate and analyze this ratio to assess Cars.com's inventory management performance in the respective years.