eBay Inc (EBAY)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	2,833,000	2,680,000	2,650,000	1,797,000	1,585,000
Inventory	US$ in thousands	—	-2,000	—	1,188,000	—
Inventory turnover		—	—	—	1.51	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,833,000K ÷ $—K
= —

To calculate EBay Inc.'s inventory turnover ratio for each year, we need the Cost of Goods Sold (COGS) and the average inventory for the respective year. The formula for inventory turnover is:

Inventory Turnover = COGS / Average Inventory

Without the specific data on COGS and average inventory for each year, we are unable to determine the exact inventory turnover ratios for EBay Inc. As a result, a comprehensive analysis of the trend in inventory turnover over the past five years cannot be provided based solely on the information given.

Inventory turnover is a crucial metric that indicates how efficiently a company is managing its inventory. A high inventory turnover ratio suggests that a company is selling its products quickly and not letting inventory sit idle, which is generally positive. Conversely, a low inventory turnover ratio could indicate overstocking or slow-moving inventory, which may lead to higher storage costs or potential obsolescence.

For a more thorough analysis of EBay Inc.'s inventory turnover performance, we would need access to the specific financial data mentioned earlier in order to calculate the ratios and assess the trend over the years.