Community Healthcare Trust Inc (CHCT)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 67,131 | 47,176 | 42,514 | 34,146 | 29,944 |
| Inventory | US$ in thousands | 71,373 | -22,667 | -343 | 32,284 | 2,316 |
| Inventory turnover | 0.94 | — | — | 1.06 | 12.93 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $67,131K ÷ $71,373K
= 0.94
To calculate the inventory turnover for Community Healthcare Trust Inc, we need the cost of goods sold (COGS) and the average inventory for each year. The inventory turnover ratio is a measure of how efficiently the company manages its inventory.
The formula for inventory turnover is:
Inventory Turnover = COGS / Average Inventory
Without the specific values for COGS and average inventory for each year, it's not possible to calculate the inventory turnover ratio. However, a higher inventory turnover ratio generally indicates that a company is selling its inventory quickly and efficiently. Conversely, a lower ratio may suggest slow-moving inventory or overstocking.
It's crucial for Community Healthcare Trust Inc to closely monitor its inventory turnover to ensure optimal inventory management, minimize carrying costs, and maximize cash flow through efficient sales. Tracking the trend in inventory turnover over multiple years can provide valuable insights into the company's operational efficiency and supply chain management.
Peer comparison
Dec 31, 2023