DaVita HealthCare Partners Inc (DVA)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,245,510 | 2,087,800 | 1,875,950 | 1,878,020 | 1,843,360 |
| Inventory | US$ in thousands | 143,105 | 109,122 | 107,428 | 111,625 | 97,949 |
| Inventory turnover | 15.69 | 19.13 | 17.46 | 16.82 | 18.82 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,245,510K ÷ $143,105K
= 15.69
The inventory turnover ratio for DaVita Inc has been consistently reported as 0.00 for the last five years, from 2019 to 2023. This indicates that the company is not experiencing any meaningful inventory turnover during this period. A low or zero inventory turnover ratio could suggest several potential issues such as overstocking, obsolete inventory, poor sales performance, or inefficiencies in inventory management. It is crucial for DaVita Inc to assess and address the factors contributing to this stagnant inventory turnover to optimize working capital usage, improve liquidity, and enhance operational efficiency.
Peer comparison
Dec 31, 2023