Gartner Inc (IT)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,672,120 | 4,819,050 | 4,421,060 | 3,863,280 | 3,604,870 |
| Inventory | US$ in thousands | — | -5,962 | 412,115 | — | 0 |
| Inventory turnover | — | — | 10.73 | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $6,672,120K ÷ $—K
= —
Based on the provided data, Gartner Inc's inventory turnover for the fiscal year ending December 31, 2022, was 10.73. However, there is no data available for the inventory turnover for the years ended December 31, 2020, 2021, 2023, and 2024.
The inventory turnover ratio indicates how efficiently a company manages its inventory. A higher inventory turnover generally suggests that the company is selling its inventory quickly and efficiently. In the case of Gartner Inc, the inventory turnover of 10.73 in 2022 indicates that the company's inventory was turned over approximately 10.73 times during that year.
Without data for other years, it is difficult to assess the trend in inventory turnover over time. It would be important for Gartner Inc to consistently monitor and manage its inventory turnover to ensure optimal efficiency in its operations and working capital management.
Peer comparison
Dec 31, 2024