Grid Dynamics Holdings Inc (GDYN)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	223,566	210,287	204,848	200,411	199,764	198,105	197,329	196,766	189,892	180,805	164,981	144,386	123,552	102,206	84,717	70,820	69,662	71,135	73,583	76,798
Inventory	US$ in thousands	—	—	0	0	0	14,546	16,082	11,842	—	8,608	0	4,585	584	694	1,050	738	821	1,130	919	351
Inventory turnover		—	—	—	—	—	13.62	12.27	16.62	—	21.00	—	31.49	211.56	147.27	80.68	95.96	84.85	62.95	80.07	218.80

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $223,566K ÷ $—K
= —

Grid Dynamics Holdings Inc's inventory turnover has shown fluctuations over the past few years. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a period. A higher inventory turnover ratio indicates that the company is selling its inventory quickly.

Based on the provided data:

- The inventory turnover ratio peaked at 218.80 on March 31, 2020, which suggests that the company was managing its inventory efficiently at that time.
- There was a significant decrease in the inventory turnover ratio to 31.49 on March 31, 2022, indicating that the company may have been holding onto inventory for a longer period.
- The inventory turnover ratio has remained relatively low in the most recent periods, with values of 16.62 on March 31, 2023, and 12.27 on June 30, 2023.
- The company experienced periods of missing data for inventory turnover, such as December 31, 2022, and subsequent periods, which makes it difficult to assess the company's inventory management during those times.

Overall, the decreasing trend in inventory turnover ratios indicates that Grid Dynamics Holdings Inc may need to review its inventory management practices to improve efficiency and optimize its working capital. Tracking inventory turnover ratios can help the company assess its inventory management performance and make informed decisions to enhance operational effectiveness.