Cogent Communications Group Inc (CCOI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 631,579 | 544,232 | 228,154 | 226,337 | 219,157 |
| Inventory | US$ in thousands | — | — | 52,129 | 9,015 | — |
| Inventory turnover | — | — | 4.38 | 25.11 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $631,579K ÷ $—K
= —
The inventory turnover ratio for Cogent Communications Group Inc provides insights into how efficiently the company manages its inventory. In 2020, the ratio was not available ("—"), indicating a lack of inventory turnover data. However, in 2021, the inventory turnover ratio improved significantly to 25.11, suggesting that the company effectively converted its inventory into sales during the year.
Subsequently, there was a notable decline in inventory turnover to 4.38 in 2022. A lower inventory turnover ratio may imply that Cogent Communications Group Inc took longer to sell its inventory or had excess inventory on hand compared to the previous year.
Unfortunately, data for 2023 and 2024 is not available ("—"), making it challenging to assess the inventory turnover performance for those years. It is essential for the company to track and manage its inventory effectively to maintain optimal inventory turnover levels and improve overall operational efficiency.
Peer comparison
Dec 31, 2024