Duolingo Inc (DUOL)

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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020
Cost of revenue (ttm)	US$ in thousands	206,170	189,045	173,119	158,259	143,334	129,304	119,352	109,433	99,431	91,613	83,389	75,657	69,186	62,097	57,120	52,792	45,987
Inventory	US$ in thousands	—	-16,130	—	—	0	—	42,720	40,137	35,041	—	—	0	0	0	—	0	—
Inventory turnover		—	—	—	—	—	—	2.79	2.73	2.84	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $206,170K ÷ $—K
= —

The inventory turnover of Duolingo Inc has shown a fluctuating trend over the reported periods. From the provided data, it can be observed that the inventory turnover values were not available for the periods up to September 30, 2023.

As of December 31, 2022, the inventory turnover ratio was 2.84, indicating that inventory turnover occurred approximately 2.84 times during the fiscal year. This suggests that Duolingo was able to sell and replace its inventory almost three times during that period.

Subsequently, by March 31, 2023, the inventory turnover slightly decreased to 2.73, and then increased to 2.79 by June 30, 2023. However, data for the following periods up to December 31, 2024, indicates that inventory turnover information was not available for analysis.

Overall, based on the limited data provided, it appears that Duolingo Inc managed its inventory effectively, with an average turnover rate of around 2.79 times over the periods reported. An increasing inventory turnover ratio signifies efficient inventory management, as it indicates that inventory is selling quickly relative to the investment in it. Efficient inventory turnover is crucial for improving cash flow and profitability in a company.