Envestnet Inc (ENV)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,492,620	1,217,800	1,051,050	305,929	278,811
Inventory	US$ in thousands	—	—	0	—	0
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,492,620K ÷ $—K
= —

To calculate Envestnet Inc.'s inventory turnover, we would need the values of beginning and ending inventories for each year. Unfortunately, the data provided is insufficient to compute the inventory turnover ratio for any of the years mentioned (2023, 2022, 2021, 2020, 2019). Inventory turnover is a crucial ratio that helps in assessing how effectively a company manages its inventory, converts it into sales, and generates revenue. Without the necessary data, a detailed analysis of Envestnet Inc.'s inventory turnover cannot be conducted at this time.