DigitalOcean Holdings Inc (DOCN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 314,672 | 295,387 | 211,927 | 170,595 |
| Inventory | US$ in thousands | — | — | — | — |
| Inventory turnover | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $314,672K ÷ $—K
= —
Based on the data provided, it appears that DigitalOcean Holdings Inc has not disclosed its inventory turnover ratios for the years ending December 31, 2021, 2022, 2023, and 2024. Inventory turnover is a critical financial ratio that indicates how efficiently a company manages its inventory levels and how quickly it is able to sell its inventory. Without specific figures for inventory turnover, it is challenging to assess DigitalOcean's efficiency in managing its inventory during these years.
In general, a high inventory turnover ratio suggests that a company is effectively managing its inventory by quickly selling its products and restocking, which is generally seen as favorable. Conversely, a low inventory turnover ratio may indicate overstocking, obsolete inventory, or inefficiencies in the sales and operations processes.
Without the actual figures for DigitalOcean's inventory turnover, further analysis of its inventory management efficiency and operational effectiveness cannot be determined based on the information provided. It would be beneficial for stakeholders and investors to obtain and analyze this data to gain more insights into the company's inventory management practices.
Peer comparison
Dec 31, 2024