The Ensign Group Inc (ENSG)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,206,030 | 2,514,950 | 2,173,080 | 1,999,440 | 1,739,300 |
| Inventory | US$ in thousands | — | 4,643 | -48,742,000 | -13,449 | -17,754 |
| Inventory turnover | — | 541.66 | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,206,030K ÷ $—K
= —
To calculate Ensign Group Inc's inventory turnover ratio, we need the cost of goods sold and average inventory figures for the respective years. Unfortunately, without this data, we are unable to compute the inventory turnover ratio for Ensign Group Inc. Inventory turnover is a crucial ratio that measures how efficiently a company manages its inventory by showing how many times a company's inventory is sold and replaced over a period. A high inventory turnover ratio indicates strong sales and efficient inventory management, while a low ratio can suggest overstocking or slow-moving inventory. It is recommended to refer to Ensign Group Inc's financial statements or annual reports for the necessary information to calculate and analyze its inventory turnover ratio effectively.
Peer comparison
Dec 31, 2023