IQVIA Holdings Inc (IQV)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cost of revenue (ttm)	US$ in thousands	13,054,000	13,085,000	12,975,000	12,895,000	12,856,000	12,804,000	12,688,000	12,561,000	12,451,000	12,506,000	12,417,000	12,408,000	12,334,000	12,124,000	11,651,000	10,993,000	10,494,000	10,165,000	10,151,000	8,450,000
Inventory	US$ in thousands	—	195,000	—	—	—	177,000	179,000	165,000	151,000	176,000	188,000	162,000	156,000	164,000	178,000	159,000	159,000	165,000	146,000	173,000
Inventory turnover		—	67.10	—	—	—	72.34	70.88	76.13	82.46	71.06	66.05	76.59	79.06	73.93	65.46	69.14	66.00	61.61	69.53	48.84

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $13,054,000K ÷ $—K
= —

The inventory turnover ratio of IQVIA Holdings Inc has shown a generally increasing trend over the available data points. The ratio increased from 48.84 on March 31, 2020, to a peak of 82.46 on December 31, 2022. This indicates that IQVIA has been able to sell through its inventory more efficiently over this period.

There was a slight dip in the inventory turnover ratio in the subsequent periods, with the ratio decreasing to 70.88 on June 30, 2023, and further to 67.10 on September 30, 2024. However, it's important to note that having a high inventory turnover ratio is generally positive as it suggests that the company is selling its products more quickly.

The ratio figures for March 31, 2023, June 30, 2024, and subsequent periods are not available in the data provided. It would be important to monitor the trend in the inventory turnover ratio to assess IQVIA's efficiency in managing its inventory levels and sales in the future.