Godaddy Inc (GDDY)

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	2,669,900	2,682,500	2,707,600	2,699,200	2,668,300	2,676,900	2,635,100	2,602,600	2,564,200	2,478,800	2,413,500	2,381,700	2,294,300	2,228,600	2,155,300	2,097,100	1,827,300	1,559,400	1,322,100	1,025,600
Inventory	US$ in thousands	—	469,500	464,200	477,900	476,700	435,700	435,700	433,300	460,600	454,900	457,500	442,700	423,500	412,800	429,400	413,000	409,800	405,200	409,900	405,900
Inventory turnover		—	5.71	5.83	5.65	5.60	6.14	6.05	6.01	5.57	5.45	5.28	5.38	5.42	5.40	5.02	5.08	4.46	3.85	3.23	2.53

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,669,900K ÷ $—K
= —

As the data for inventory turnover for Godaddy Inc is not provided in the table, it is not possible to conduct a detailed analysis of the trend over the specified quarters. Inventory turnover is a crucial measure that indicates how efficiently a company is managing its inventory by generating sales from the inventory on hand. A higher inventory turnover ratio generally signifies that the company is efficiently selling its products and managing its inventory levels effectively.

In order to analyze Godaddy Inc's inventory turnover ratio, it would be necessary to calculate the ratio by dividing the cost of goods sold by the average inventory for each quarter. This can provide insights into the company's inventory management practices and how quickly it is selling its inventory. Without this specific data, a comprehensive analysis of the inventory turnover trend for Godaddy Inc cannot be provided.