Godaddy Inc (GDDY)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,652,000 | 1,573,600 | 1,484,500 | 1,372,200 | 1,158,600 |
| Inventory | US$ in thousands | — | -127,200 | 476,700 | 460,600 | 423,500 |
| Inventory turnover | — | — | 3.11 | 2.98 | 2.74 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,652,000K ÷ $—K
= —
Based on the provided data, Godaddy Inc's inventory turnover has shown an increasing trend over the past few years.
In December 31, 2020, the inventory turnover ratio was 2.74 times, implying that the company's inventory was turned over 2.74 times during the year. By December 31, 2021, the ratio increased to 2.98, indicating an improvement in the efficiency of managing inventory.
In the following year, December 31, 2022, the inventory turnover ratio further increased to 3.11, suggesting that Godaddy Inc was able to sell and replace its inventory more frequently.
However, the data for December 31, 2023, and December 31, 2024, are not available (indicated by "—"). This lack of data makes it challenging to assess whether the positive trend in inventory turnover continued beyond 2022.
Overall, the increasing trend in inventory turnover ratios up to December 31, 2022, reflects improved inventory management efficiency by Godaddy Inc during those years.
Peer comparison
Dec 31, 2024