Kelly Services A Inc (KELYA)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	4,852,600	4,941,000	4,867,100	4,517,600	4,387,200
Inventory	US$ in thousands	291,300	—	0	0	21,200
Inventory turnover		16.66	—	—	—	206.94

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $4,852,600K ÷ $291,300K
= 16.66

To calculate the inventory turnover for Kelly Services, Inc., we first need the relevant financial data, specifically the cost of goods sold (COGS) and the average inventory for each year. Unfortunately, the necessary information is not provided in the table above. Inventory turnover is a key metric that measures how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced over a specific period. A high inventory turnover ratio implies efficient inventory management, while a low ratio may indicate slow-moving inventory or overstocking. It is important to compare the inventory turnover ratio over multiple periods to identify trends and assess the company's operational efficiency. If the data is made available, calculating and analyzing the inventory turnover for Kelly Services, Inc. would provide valuable insights into its inventory management practices.