Grid Dynamics Holdings Inc (GDYN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 223,566 | 199,764 | 189,892 | 123,552 | 69,662 |
| Inventory | US$ in thousands | — | 0 | 4,294 | 584 | 821 |
| Inventory turnover | — | — | 44.22 | 211.56 | 84.85 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $223,566K ÷ $—K
= —
Grid Dynamics Holdings Inc's inventory turnover has shown fluctuations over the years.
In December 31, 2020, the inventory turnover stood at 84.85, indicating that the company sold its entire inventory nearly 85 times during that year.
By December 31, 2021, the inventory turnover ratio increased significantly to 211.56, showing that Grid Dynamics was able to sell its inventory more efficiently, turning it over more than twice as many times as in the previous year.
However, by December 31, 2022, the inventory turnover ratio dropped to 44.22, suggesting a decrease in the efficiency of inventory management compared to the previous year.
The data for December 31, 2023 and 2024 is not available (indicated by "—"), making it difficult to assess the trend further.
Overall, Grid Dynamics Holdings Inc's inventory turnover has shown variability, and it is important for the company to closely monitor this ratio to ensure optimal inventory management and operational efficiency.
Peer comparison
Dec 31, 2024