Certara Inc (CERT)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cost of revenue	US$ in thousands	141,022	132,577	111,616
Inventory	US$ in thousands	—	3,102	827
Inventory turnover		—	42.74	134.96

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $141,022K ÷ $—K
= —

To calculate the inventory turnover for Certara Inc for the years 2020, 2021, 2022, and 2023, we need the following formula:

Inventory Turnover = Cost of Goods Sold / Average Inventory

Given that the table does not provide Cost of Goods Sold or Average Inventory figures for each year, we are unable to calculate the inventory turnover ratio for Certara Inc. The inventory turnover ratio is a key metric that measures how efficiently a company manages its inventory by showing how many times the company's inventory is sold and replaced over a period. A high inventory turnover ratio typically indicates that a company is effectively managing its inventory, while a low ratio may suggest inefficiency or overstocking. Understanding Certara Inc's inventory turnover ratio trends could provide valuable insights into its inventory management practices and operational efficiency.