GXO Logistics Inc (GXO)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 9,166,000 | 8,690,000 | 7,690,000 |
| Inventory | US$ in thousands | — | — | — |
| Inventory turnover | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $9,166,000K ÷ $—K
= —
To calculate GXO Logistics Inc's inventory turnover for each year, we use the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
Given that information on Cost of Goods Sold is not provided in the table, we are unable to calculate the specific inventory turnover ratios for the years mentioned. Inventory turnover is a crucial ratio that measures how efficiently a company manages its inventory, with a higher turnover ratio indicating effective inventory management.
In order to conduct a more thorough analysis and provide insights into GXO Logistics Inc's inventory turnover performance, we would need additional data on Cost of Goods Sold and the average inventory levels for each year. This data would allow for a more detailed assessment of the company's inventory management efficiency over the specified period.
Peer comparison
Dec 31, 2023