Etsy Inc (ETSY)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 828,675 | 744,592 | 654,512 | 464,745 | 271,036 |
| Inventory | US$ in thousands | — | 0 | 0 | 0 | — |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $828,675K ÷ $—K
= —
To calculate the inventory turnover ratio for Etsy Inc, we need the cost of goods sold (COGS) and average inventory for each year. Unfortunately, the data provided does not include the necessary information to compute the inventory turnover ratio for the years specified. Inventory turnover measures the number of times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio generally indicates that a company is efficiently managing its inventory by quickly selling products and restocking inventory. Conversely, a lower ratio may suggest overstocking or slow-moving inventory. With the data provided, a meaningful analysis of Etsy Inc's inventory turnover over the specified years cannot be conducted.
Peer comparison
Dec 31, 2023