Humana Inc (HUM)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	14,222,000	12,996,000	10,182,000	10,126,000	5,736,000
Inventory	US$ in thousands	-23,355,000	—	-6,493,000	-5,276,000	-3,806,000
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $14,222,000K ÷ $-23,355,000K
= —

Inventory turnover ratio helps us evaluate how efficiently a company manages its inventory by showing how many times it sells and replaces its inventory during a specific period. Unfortunately, the provided data table does not contain the inventory turnover ratios for Humana Inc. for the years 2019 to 2023.

To calculate the inventory turnover ratio, you would typically divide the cost of goods sold by the average inventory for the period. A higher inventory turnover ratio generally indicates better inventory management and liquidity. Conversely, a lower turnover ratio may suggest overstocking or slow-moving inventory.

Without specific data points, it is challenging to assess Humana Inc.'s inventory management efficiency over the years provided. Further information or calculations are required to form a comprehensive analysis of Humana Inc.'s inventory turnover and its implications for the company's operations and financial health.