Choice Hotels International Inc (CHH)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 840,673 | 853,883 | 701,897 | 469,700 | 462,913 |
| Inventory | US$ in thousands | — | 34,669 | 0 | 0 | — |
| Inventory turnover | — | 24.63 | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $840,673K ÷ $—K
= —
Choice Hotels International Inc's inventory turnover has shown fluctuations over the years. As of December 31, 2023, the inventory turnover ratio was 24.63, indicating that the company converted its inventory into sales approximately 24.63 times during that year. This high turnover ratio suggests efficient inventory management, as the company is selling its products quickly. However, it is concerning that inventory turnover data is missing for the other years provided, which limits the ability to assess the trend and consistency of inventory management over time. The company may need to provide more comprehensive data to enable a thorough analysis of its inventory turnover performance.
Peer comparison
Dec 31, 2024