Duolingo Inc (DUOL)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cost of revenue	US$ in thousands	142,105	99,431	69,186
Inventory	US$ in thousands	0	35,041	0
Inventory turnover		—	2.84	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $142,105K ÷ $0K
= —

The inventory turnover ratio for Duolingo Inc has shown a significant improvement from 2.84 in 2022 to an unspecified figure in 2023. The inventory turnover ratio indicates how efficiently the company is managing its inventory. A higher turnover ratio suggests that inventory is selling quickly, which is generally favorable as it reduces the risk of obsolescence and holding costs. However, without the specific figure for 2023, a more detailed analysis of the trend over the years is challenging. It would be beneficial to monitor this ratio in the upcoming periods to assess the consistency of inventory management efficiency.