IQVIA Holdings Inc (IQV)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	12,856,000	12,451,000	12,334,000	10,494,000	10,183,000
Inventory	US$ in thousands	—	151,000	156,000	159,000	138,000
Inventory turnover		—	82.46	79.06	66.00	73.79

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $12,856,000K ÷ $—K
= —

To calculate IQVIA Holdings Inc's inventory turnover ratio, we require both the cost of goods sold (COGS) and average inventory figures for each respective year. Unfortunately, the provided data does not include this specific information. As a result, it is not feasible to compute the inventory turnover ratio for IQVIA Holdings Inc using the data provided. Understanding the inventory turnover ratio is essential as it measures how efficiently a company is managing its inventory levels in relation to its sales. A high ratio indicates a rapid turnover of inventory, potentially signaling strong sales and effective inventory management. Conversely, a low ratio may suggest overstocking or slow-moving inventory, potentially leading to increased storage costs and risk of obsolescence. Additional financial data is required to determine IQVIA Holdings Inc's inventory turnover and gain meaningful insights into its operational efficiency and inventory management practices.