Knight Transportation Inc (KNX)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	5,413,270	4,769,750	3,320,860	2,692,060	2,799,140
Inventory	US$ in thousands	—	341,650	191,780	149,734	154,189
Inventory turnover		—	13.96	17.32	17.98	18.15

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $5,413,270K ÷ $—K
= —

To calculate the inventory turnover for Knight-Swift Transportation Holdings Inc, we need the cost of goods sold (COGS) and the average inventory for each respective year. Unfortunately, as the table does not provide the COGS figures, we are unable to calculate the inventory turnover ratio.

Inventory turnover is a crucial financial ratio that helps assess how effectively a company manages its inventory. A high turnover indicates efficient inventory management, while a low turnover suggests slower sales or excess inventory.

To gain a deeper understanding of Knight-Swift Transportation Holdings Inc's inventory turnover performance, we would need access to additional financial data or statements detailing the COGS figures for the respective years.