Alphabet Inc Class A (GOOGL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 133,332,000 | 126,203,000 | 110,939,000 | 84,732,000 | 71,896,000 |
| Inventory | US$ in thousands | — | 2,670,000 | 1,170,000 | 728,000 | 999,000 |
| Inventory turnover | — | 47.27 | 94.82 | 116.39 | 71.97 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $133,332,000K ÷ $—K
= —
The inventory turnover ratio for Alphabet Inc has fluctuated over the past five years. In 2019, the inventory turnover was 71.97, showing the company's ability to sell and replace its inventory 71.97 times during the year. This ratio increased significantly in 2020 to 116.39, indicating an improvement in the efficiency of inventory management. However, in 2021, there was a decrease in inventory turnover to 94.82, but it still remained at a relatively high level. Notably, the inventory turnover ratio was not reported in 2022 and 2023, making it challenging to assess the recent trend in inventory management efficiency. Further analysis and additional information would be required to understand the reasons behind these fluctuations and their impact on the company's operations and financial performance.
Peer comparison
Dec 31, 2023