Interpublic Group of Companies Inc (IPG)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 15,650,600 | 15,804,900 | 14,786,200 | 14,027,500 | 14,716,000 |
| Inventory | US$ in thousands | 2,952,400 | 5,900 | 8,200 | 800 | 22,800 |
| Inventory turnover | 5.30 | 2,678.80 | 1,803.20 | 17,534.38 | 645.44 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $15,650,600K ÷ $2,952,400K
= 5.30
To calculate the inventory turnover ratio for Interpublic Group Of Cos., Inc., we need data for cost of goods sold (COGS) and average inventory for each year.
The inventory turnover ratio is calculated as:
Inventory Turnover = COGS / Average Inventory
Since the provided data is incomplete and lacks values for both cost of goods sold and inventory, a comprehensive analysis of the inventory turnover for Interpublic Group Of Cos., Inc. cannot be performed at this time. It is essential to have access to the necessary financial information to calculate this ratio accurately and draw meaningful insights about the company's inventory management efficiency.
Peer comparison
Dec 31, 2023