GE Vernova LLC (GEV)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 28,274,000 | 26,004,000 | 27,692,000 |
| Inventory | US$ in thousands | 7,199,000 | 6,746,000 | — |
| Inventory turnover | 3.93 | 3.85 | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $28,274,000K ÷ $7,199,000K
= 3.93
Inventory turnover measures how efficiently a company manages its inventory by calculating the number of times it sells and replaces its inventory over a specific period. For GE Vernova LLC, the inventory turnover has improved slightly from 3.85 in 2022 to 3.93 in 2023. This indicates that the company is selling its inventory more frequently in 2023 compared to the previous year, which is a positive sign of efficient inventory management. However, it is worth noting that there is no data available for 2021, limiting the ability to assess the trend over a longer period. Overall, the increasing inventory turnover suggests that GE Vernova LLC is effectively managing its inventory levels and turning them into sales in a timely manner.
Peer comparison
Dec 31, 2023