Forward Air Corporation (FWRD)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	2,134,610	1,040,580	1,426,580	1,297,100	1,040,460
Inventory	US$ in thousands	—	—	0	—	21,002
Inventory turnover		—	—	—	—	49.54

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,134,610K ÷ $—K
= —

The inventory turnover ratio for Forward Air Corporation as of December 31, 2020, stands at 49.54 times. This indicates that the company sold and replaced its inventory approximately 49.54 times during the year. However, data for the subsequent years is not available, as indicated by "—". A high inventory turnover ratio generally suggests efficient management of inventory levels, as the company is selling through its inventory quickly. It is important to monitor this ratio over time to assess the company's inventory management efficiency and potential changes in sales and production strategies.