Cogent Communications Group Inc (CCOI)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 902,740 | 422,338 | 415,141 | 400,483 | 386,537 |
| Inventory | US$ in thousands | — | 52,129 | 9,015 | — | 0 |
| Inventory turnover | — | 8.10 | 46.05 | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $902,740K ÷ $—K
= —
To calculate the inventory turnover for Cogent Communications Holdings Inc, we look at the cost of goods sold and average inventory for each respective year. Since specific figures are not provided in the table, we are unable to compute the inventory turnover ratio.
Inventory turnover is a crucial financial metric that indicates how many times a company's inventory is sold and replaced over a period. A higher turnover indicates efficient inventory management and a lower risk of obsolete inventory. Conversely, a lower turnover may suggest excess inventory levels or slow-moving stock.
Without the necessary data, a detailed analysis of Cogent Communications Holdings Inc's inventory turnover over the years is not feasible. Assessing trends in inventory turnover could provide insights into the company's operational efficiency and inventory management practices.
Peer comparison
Dec 31, 2023