Envestnet Inc (ENV)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,483,938	1,271,640	1,223,545	1,211,442	1,203,748	1,196,674	1,181,189	1,111,789	1,049,448	404,225	357,352	311,134	303,794	303,522	300,395	316,708	191,094	613,354	464,152	307,241
Inventory	US$ in thousands	—	—	—	0	—	39,681	28,883	32,618	-1,310	19,309	—	19,226	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	30.16	40.90	34.09	—	20.93	—	16.18	—	—	—	—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,483,938K ÷ $—K
= —

I'm sorry, but without specific values for the inventory turnover ratio provided in the table, a detailed analysis cannot be conducted. The inventory turnover ratio is a key financial metric used to evaluate how efficiently a company manages its inventory. It is calculated by dividing the cost of goods sold by the average inventory for a certain period. A higher inventory turnover ratio generally indicates that a company is efficiently managing its inventory by quickly selling goods and restocking its shelves. A lower ratio may suggest problems such as overstocking or slow-moving inventory. If you can provide the actual values for Envestnet Inc.'s inventory turnover ratio for the given periods, I would be able to analyze and interpret the trend over time.