ExlService Holdings Inc (EXLS)

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	1,654,089	1,529,122	1,477,195	1,425,701	1,391,913	1,355,829	1,316,328	1,275,844	1,219,882	1,155,605	1,092,252	1,031,785	966,412	717,781	676,506	649,879	648,522	647,228	669,097	682,503
Inventory	US$ in thousands	—	35,869	—	0	—	3,257	4,628	5,598	4,897	44,765	41,525	45,705	-20,234	35,462	42,859	40,395	21,718	28,803	15,982	32,460
Inventory turnover		—	42.63	—	—	—	416.28	284.43	227.91	249.11	25.81	26.30	22.57	—	20.24	15.78	16.09	29.86	22.47	41.87	21.03

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,654,089K ÷ $—K
= —

ExlService Holdings Inc's inventory turnover has shown variability over the past few years. The inventory turnover ratio indicates how efficiently the company manages its inventory levels and how quickly it sells its products. A higher inventory turnover ratio is generally preferred as it suggests that the company is selling its inventory quickly.

From March 31, 2020, to March 31, 2021, the inventory turnover decreased from 21.03 to 16.09, indicating a decrease in the speed at which inventory was being sold. However, from June 30, 2021, to September 30, 2021, there was a slight increase in inventory turnover to 20.24, suggesting a somewhat improved efficiency in managing inventory levels.

The inventory turnover ratio increased further to 284.43 by June 30, 2023, a significant improvement, reflecting a rapid turnover of inventory during that period. However, this high turnover rate may also indicate potential issues such as stockouts or understocking.

The ratio then decreased to 42.63 by September 30, 2024, which may suggest a slowdown in inventory turnover or changes in the company's sales patterns.

The entry of "—" in some periods may indicate missing data or irregularities in reporting, making it challenging to analyze the trend consistently. It is crucial for stakeholders to monitor the inventory turnover ratio continuously and investigate any significant fluctuations to understand the company's inventory management efficiency.