Elevance Health Inc (ELV)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	288,250,000	265,322,000	233,516,000	204,175,000	179,950,000
Inventory	US$ in thousands	-46,332,000	-11,381,000	-38,483,000	-34,331,000	-29,051,000
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $288,250,000K ÷ $-46,332,000K
= —

To calculate the inventory turnover for Elevance Health Inc using the provided data, we need to compare the cost of goods sold (COGS) with the average inventory for each year. The formula for inventory turnover is:

Inventory Turnover = COGS / Average Inventory

However, as the table only provides the years without specific numerical data for COGS and inventory, we are unable to compute the inventory turnover for any of the years specified. In order to perform a thorough analysis of Elevance Health Inc's inventory turnover, we would require the exact figures for COGS and inventory levels for each respective year.