DigitalOcean Holdings Inc (DOCN)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 314,672 | 313,442 | 304,769 | 293,795 | 290,092 | 272,661 | 256,144 | 236,604 | 211,927 | 196,146 | 182,922 | 178,253 | 170,595 |
| Inventory | US$ in thousands | — | 19,381 | — | — | — | 0 | -91,562 | 0 | — | 22,984 | — | — | — |
| Inventory turnover | — | 16.17 | — | — | — | — | — | — | — | 8.53 | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $314,672K ÷ $—K
= —
Based on the provided data, the inventory turnover ratio for DigitalOcean Holdings Inc has fluctuated over the periods mentioned. The inventory turnover ratio is a measure of how efficiently a company manages its inventory by comparing the cost of goods sold to the average inventory level.
1. December 31, 2021: Not available. Data missing.
2. March 31, 2022: Not available. Data missing.
3. June 30, 2022: Not available. Data missing.
4. September 30, 2022: The inventory turnover ratio was 8.53. This indicates that the company sold its entire inventory 8.53 times during the period.
5. December 31, 2022: Not available. Data missing.
6. March 31, 2023: Not available. Data missing.
7. June 30, 2023: Not available. Data missing.
8. September 30, 2023: Not available. Data missing.
9. December 31, 2023: Not available. Data missing.
10. March 31, 2024: Not available. Data missing.
11. June 30, 2024: Not available. Data missing.
12. September 30, 2024: The inventory turnover ratio jumped to 16.17. This suggests that the company improved its inventory management efficiency significantly and sold its inventory 16.17 times during the period.
The increase in the inventory turnover ratio from 8.53 to 16.17 between September 30, 2022, and September 30, 2024, indicates that DigitalOcean Holdings Inc managed its inventory more effectively and rapidly in the latter period. This improvement could be due to better demand forecasting, inventory control, or streamlining of operations. It reflects positively on the company's operational efficiency and could lead to cost savings and improved cash flow.
Peer comparison
Dec 31, 2024
Dec 31, 2024