HealthEquity Inc (HQY)
Inventory turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 714,614 | 713,683 | 685,217 | 599,701 | 430,017 |
| Inventory | US$ in thousands | — | 0 | — | — | — |
| Inventory turnover | — | — | — | — | — |
January 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $714,614K ÷ $—K
= —
To calculate the inventory turnover for HealthEquity Inc, we need both the cost of goods sold (COGS) and the average inventory for each respective year. Without access to this information, it is not possible to provide a specific analysis of the inventory turnover ratio for HealthEquity Inc based on the data provided.
However, the inventory turnover ratio is a key financial metric that measures how efficiently a company manages its inventory. A higher inventory turnover ratio indicates that a company is selling its inventory quickly and efficiently, while a lower ratio may suggest overstocking or slow-moving inventory.
Given that we do not have the necessary data, it is recommended to calculate the inventory turnover ratio by dividing the COGS by the average inventory for each year, in order to assess HealthEquity Inc's effectiveness in managing its inventory levels across the years.
Peer comparison
Jan 31, 2024