Expedia Group Inc. (EXPE)

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	8,807,000	9,457,000	9,055,000	9,043,000	8,674,000	8,337,000	7,925,000	7,347,000	6,616,000	5,939,000	5,173,000	4,338,000	6,182,000	5,759,000	5,120,000	4,681,000	2,163,000	2,080,000	2,015,000	1,991,000
Inventory	US$ in thousands	1,436,000	1,436,000	2,484,000	2,483,000	1,755,000	1,778,000	2,756,000	2,583,000	1,694,000	1,587,000	2,541,000	1,972,000	772,000	725,000	1,311,000	813,000	779,000	447,000	619,000	447,000
Inventory turnover		6.13	6.59	3.65	3.64	4.94	4.69	2.88	2.84	3.91	3.74	2.04	2.20	8.01	7.94	3.91	5.76	2.78	4.65	3.26	4.45

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,807,000K ÷ $1,436,000K
= 6.13

Unfortunately, without specific data on Expedia Group Inc's inventory levels and cost of goods sold for each quarter, an analysis of the inventory turnover ratio cannot be provided. The inventory turnover ratio is a key financial metric that indicates how efficiently a company manages its inventory by measuring the number of times inventory is sold and replaced over a specific period. It is calculated by dividing the cost of goods sold by the average inventory for the period.

To perform a meaningful analysis of Expedia Group Inc's inventory turnover, it would be necessary to have access to the relevant financial information from the specified quarters. This data is crucial in assessing the company's inventory management efficiency, as a high inventory turnover ratio typically signifies effective inventory control and liquidity, while a low ratio may indicate overstocking or slow-moving inventory.