The Ensign Group Inc (ENSG)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,605,895 | 3,540,780 | 3,416,701 | 3,316,083 | 3,206,033 | 2,994,548 | 2,843,159 | 2,669,273 | 2,514,953 | 2,415,626 | 2,327,347 | 2,250,556 | 2,173,075 | 2,123,079 | 2,071,016 | 2,028,814 | 1,999,438 | 1,746,959 | 1,757,850 | 1,762,830 |
| Inventory | US$ in thousands | — | 25,960 | 0 | 0 | — | 0 | — | 0 | 4,643 | 0 | — | — | — | — | — | — | — | — | — | — |
| Inventory turnover | — | 136.39 | — | — | — | — | — | — | 541.67 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,605,895K ÷ $—K
= —
The inventory turnover for The Ensign Group Inc has been relatively stable over the past few years, with no data available for the majority of the periods. However, based on the information provided, we can analyze the inventory turnover for December 31, 2022, and September 30, 2024.
For December 31, 2022, the inventory turnover was 541.67, indicating that the company sold through its inventory approximately 541.67 times during that fiscal year. This high turnover rate suggests that The Ensign Group Inc was efficient in managing its inventory levels and converting its inventory into sales quickly.
On the other hand, for September 30, 2024, the inventory turnover decreased to 136.39. Despite the drop compared to the previous period, this turnover rate still indicates a healthy inventory management practice, as the company was able to turn over its inventory approximately 136.39 times during that fiscal year.
Overall, the inventory turnover ratios for The Ensign Group Inc for the available periods suggest that the company is effectively managing its inventory to support sales activities and maintain optimal inventory levels.
Peer comparison
Dec 31, 2024
Dec 31, 2024