The Ensign Group Inc (ENSG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,605,900 | 3,206,030 | 2,514,950 | 2,173,080 | 1,999,440 |
| Inventory | US$ in thousands | — | — | 4,643 | -48,742,000 | -13,449 |
| Inventory turnover | — | — | 541.66 | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,605,900K ÷ $—K
= —
The inventory turnover ratio for The Ensign Group Inc indicates the efficiency at which the company manages its inventory. Based on the provided data, the inventory turnover for the year ending December 31, 2022, is 541.66. This signifies that the company converted its inventory into sales 541.66 times during the year. However, as the data shows no turnover values for the other years, it is difficult to assess the trend over time. Generally, a higher inventory turnover ratio is favorable as it implies that the company is selling its inventory quickly, reducing storage costs and the risk of obsolescence. It is important for The Ensign Group Inc to monitor and improve its inventory turnover consistently to optimize its operations and financial performance.
Peer comparison
Dec 31, 2024