Exponent Inc (EXPO)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 353,242 | 294,974 | 299,816 | 269,800 | 279,523 |
| Inventory | US$ in thousands | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $353,242K ÷ $—K
= —
To calculate Exponent Inc's inventory turnover ratio, we need the values for Cost of Goods Sold (COGS) and Average Inventory for the respective years. As the data for these components is not provided in the table, the inventory turnover ratio cannot be computed directly. Inventory turnover ratio is a key efficiency metric that measures how many times a company's inventory is sold and replaced over a specific period.
A high inventory turnover ratio indicates that a company is effectively managing its inventory by quickly selling its products, which can lead to increased cash flow and lower storage costs. On the other hand, a low inventory turnover ratio may suggest overstocking, slow-moving inventory, or ineffective sales strategies.
To gain insight into Exponent Inc's inventory management efficiency, it is recommended to obtain the necessary data for COGS and Average Inventory for the years in question and calculate the inventory turnover ratio accordingly. This will provide a more comprehensive understanding of how efficiently Exponent Inc is managing its inventory levels over the years.
Peer comparison
Dec 31, 2023