HealthEquity Inc (HQY)

Inventory turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Cost of revenue (ttm)	US$ in thousands	633,137	716,307	716,519	714,783	713,683	745,181	719,389	706,905	685,117	637,099	630,456	609,252	599,601	521,403	537,391	454,855	358,063	301,876	187,651	171,563
Inventory	US$ in thousands	—	—	0	0	0	—	—	0	—	—	—	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

January 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $633,137K ÷ $—K
= —

To calculate the inventory turnover ratio for HealthEquity Inc, we need the cost of goods sold and average inventory figures for each period provided in the table. The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory for a specific period.

The inventory turnover ratio measures the number of times a company sells and replaces its inventory over a certain period. A higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently, while a lower ratio may imply inventory management issues or slow-moving inventory.

By utilizing the data provided in the table and calculating the inventory turnover ratio for each period, we can track the efficiency of HealthEquity Inc in managing its inventory levels and sales. Analyzing the trend of the inventory turnover ratio over time can provide insights into the company's inventory management practices and operational efficiency.