Cars.com Inc (CARS)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	124,332	221,789	114,959	114,200	101,536
Inventory	US$ in thousands	—	12,553	8,377	7,810	6,491
Inventory turnover		—	17.67	13.72	14.62	15.64

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $124,332K ÷ $—K
= —

The inventory turnover ratio for Cars.com Inc has exhibited a decreasing trend over the past few years. As of December 31, 2020, the ratio stood at 15.64 times, indicating that the company turned over its inventory approximately 15.64 times during that year.

However, the ratio declined to 14.62 times as of December 31, 2021, and further to 13.72 times by December 31, 2022, suggesting a reduction in the efficiency of inventory management.

Interestingly, there was a notable improvement in 2023, with the inventory turnover ratio increasing to 17.67 times. This increase demonstrates a potential enhancement in the company's inventory control and sales performance.

Unfortunately, the data for December 31, 2024 was not available ("-"), making it impossible to assess the most recent performance. In conclusion, despite fluctuations in the inventory turnover ratio, Cars.com Inc may warrant further examination to identify potential areas for operational improvement in inventory management.