DigitalOcean Holdings Inc (DOCN)

Inventory turnover

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cost of revenue (ttm)	US$ in thousands	284,732	283,967	269,743	256,144	236,604	211,927	196,146	182,922	178,253	170,595
Inventory	US$ in thousands	—	—	0	-91,562	0	—	22,984	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	8.53	—	—	—

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $284,732K ÷ $—K
= —

The inventory turnover ratio for DigitalOcean Holdings Inc was not available for the periods ending on Mar 31, 2024, Dec 31, 2023, Sep 30, 2023, Jun 30, 2023, Mar 31, 2023, Dec 31, 2022, Mar 31, 2022, and Dec 31, 2021. However, for the period ending on Sep 30, 2022, the inventory turnover ratio was 8.53. This indicates that the company was able to turn over its inventory approximately 8.53 times during that period. A high inventory turnover ratio suggests that the company is efficiently managing its inventory levels and selling products quickly.