CH Robinson Worldwide Inc (CHRW)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	2,247,160	2,546,550	2,291,220	1,884,710	1,935,870
Inventory	US$ in thousands	—	0	-453,660	-197,176	-132,874
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,247,160K ÷ $—K
= —

To calculate C.H. Robinson Worldwide, Inc.'s inventory turnover for each year, we need two key inputs: the cost of goods sold (COGS) and the average inventory level. Since the specific data for these figures is not provided in the table, we are unable to compute the inventory turnover ratio for any of the mentioned years.

Inventory turnover is a crucial financial metric that measures how efficiently a company manages its inventory and generates sales from it. A higher inventory turnover ratio generally indicates that a company is selling its inventory more effectively. Conversely, a low inventory turnover ratio may suggest inefficiencies in inventory management, such as overstocking or slow-moving inventory.

For a more in-depth analysis of C.H. Robinson Worldwide, Inc.'s inventory turnover and its implications on the company's operations and financial health, it is essential to have access to the specific financial data required to calculate this ratio accurately.