Kelly Services A Inc (KELYA)

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	3,622,900	2,367,100	1,264,500	1,311,100	1,306,200	2,536,300	3,692,000	3,672,900	4,866,500	4,716,000	4,570,200	4,290,000	4,508,400	4,511,200	4,510,600	4,669,900	4,387,200	4,454,800	4,518,100	4,541,000
Inventory	US$ in thousands	291,300	—	—	0	—	0	0	—	—	—	—	—	—	—	—	—	21,200	—	—	—
Inventory turnover		12.44	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	206.94	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,622,900K ÷ $291,300K
= 12.44

Given the absence of specific data for inventory turnover provided in the table for Kelly Services, Inc., it is challenging to conduct a detailed analysis of this particular financial ratio over the specified periods. Inventory turnover is a critical measure of how efficiently a company manages its inventory, indicating the frequency at which inventory is sold and replaced within a given time frame.

To assess the company's efficiency in managing inventory, it is essential to have the inventory turnover ratio calculated by dividing the cost of goods sold by the average inventory level for each respective period. A higher inventory turnover ratio typically indicates effective inventory management and liquidity, while a lower ratio may suggest overstocking or slow-moving inventory.

In the absence of concrete figures, further analysis and comparison with industry benchmarks or historical data are required to draw meaningful insights into Kelly Services, Inc.'s inventory turnover performance. It is recommended to obtain the necessary data to calculate the inventory turnover ratio and evaluate the company's efficiency in managing its inventory effectively.