Concentra Group Holdings Parent, Inc. (CON)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,398,700 | 1,316,170 | 1,304,060 |
| Inventory | US$ in thousands | — | — | — |
| Inventory turnover | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,398,700K ÷ $—K
= —
To calculate the inventory turnover ratio for Concentra Group Holdings Parent, Inc., we need to use the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
However, since the cost of goods sold and inventory values are not provided in the table, we cannot calculate the exact inventory turnover ratio for the years 2021, 2022, and 2023.
The inventory turnover ratio is a crucial efficiency ratio that indicates how many times a company's inventory is sold and replaced over a specific period. A higher inventory turnover ratio usually suggests that the company is effectively managing its inventory by quickly selling its products.
Without the specific values of cost of goods sold and inventory for each year, we cannot perform a detailed analysis of Concentra Group Holdings Parent, Inc.'s inventory turnover. It is recommended that further financial data is obtained to calculate and interpret the inventory turnover ratio accurately in order to assess the company's inventory management efficiency.
Peer comparison
Dec 31, 2023