ExlService Holdings Inc (EXLS)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,654,090	1,391,910	1,219,880	966,412	848,412
Inventory	US$ in thousands	—	—	4,897	36,028	21,718
Inventory turnover		—	—	249.11	26.82	39.06

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,654,090K ÷ $—K
= —

The inventory turnover ratio of ExlService Holdings Inc has shown volatility over the years. In December 31, 2020, the company had an inventory turnover of 39.06, indicating that the company sold and replaced its inventory more than 39 times during that year. However, this ratio decreased to 26.82 by December 31, 2021, suggesting a slower rate of inventory turnover.

The most notable increase in inventory turnover occurred by December 31, 2022, where the ratio spiked to a significant 249.11. Such a high turnover ratio may indicate that ExlService Holdings Inc managed its inventory efficiently and effectively during that year, possibly aligning its production and sales processes more closely.

However, there is missing data for the following years, December 31, 2023 and December 31, 2024, represented by "—". Without this information, it is challenging to assess the company's inventory turnover performance for those years.

Overall, while the company experienced fluctuations in its inventory turnover ratio, investors and stakeholders should further investigate the reasons behind these changes to understand the company's inventory management practices and operational efficiency.