IAC Inc. (IAC)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,419,980 | 5,565,350 | 3,644,930 | 814,731 |
| Inventory | US$ in thousands | — | — | 30,710 | 317 |
| Inventory turnover | — | — | 118.69 | 2,570.13 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,419,980K ÷ $—K
= —
The inventory turnover ratio for IAC Inc. has experienced significant fluctuations over the last few years. In 2020, the company had a high inventory turnover of 2,570.13 times, indicating that its inventory was sold and replaced rapidly during that period. This may suggest efficient inventory management, quick sales cycles, or a fast-moving product line.
However, in 2021, the inventory turnover ratio dropped drastically to 118.69 times, which could signal potential inventory management issues such as overstocking, slow-moving inventory, or challenges in matching production with sales demand.
Unfortunately, the data for 2022 and 2023 is missing, so it is difficult to provide a conclusive analysis of the current state of IAC Inc.'s inventory turnover. It is important for the company to closely monitor and manage its inventory levels to ensure efficient operations and optimize its financial performance.
Peer comparison
Dec 31, 2023