Elanco Animal Health (ELAN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,530,000 | 2,479,000 | 2,441,000 | 2,688,000 | 2,026,500 |
| Inventory | US$ in thousands | 1,574,000 | 1,735,000 | 1,538,000 | 1,373,000 | 1,578,100 |
| Inventory turnover | 1.61 | 1.43 | 1.59 | 1.96 | 1.28 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,530,000K ÷ $1,574,000K
= 1.61