KAR Auction Services Inc (KAR)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,560,800	1,547,200	1,542,500	1,293,900	1,280,800	1,443,800	1,572,300	1,709,700	1,862,800	1,869,900	1,883,400	1,787,200	1,876,900	1,971,400	2,083,900	1,869,900	1,503,600	1,120,600	733,400	753,000
Inventory	US$ in thousands	0	41,800	30,100	32,200	52,000	28,900	28,100	2,084,900	25,800	52,400	53,800	52,500	60,200	54,700	50,000	114,400	53,300	23,300	23,700	24,300
Inventory turnover		—	37.01	51.25	40.18	24.63	49.96	55.95	0.82	72.20	35.69	35.01	34.04	31.18	36.04	41.68	16.35	28.21	48.09	30.95	30.99

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,560,800K ÷ $0K
= —

Based on the provided data, the inventory turnover ratio for Openlane Inc. is currently unavailable as the specific figures for each quarter are not provided. However, inventory turnover is a key financial ratio that measures how efficiently a company manages its inventory by indicating the frequency with which inventory is sold and replaced within a given period.

To analyze Openlane Inc.'s inventory turnover effectively, it would be necessary to calculate the ratio for each quarter using the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory

A high inventory turnover ratio typically suggests that a company effectively sells its inventory quickly, which may indicate strong sales performance and efficient inventory management practices. Conversely, a lower inventory turnover ratio may imply slow-moving inventory, potential obsolescence issues, or overstocking concerns.

Without the specific data, further insights into Openlane Inc.'s inventory management and operational efficiency in relation to its sales cannot be provided. It may be beneficial for stakeholders to track and monitor the inventory turnover ratio over time to assess the company's inventory management performance.