Leidos Holdings Inc (LDOS)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	13,194,000	12,312,000	11,723,000	10,560,000	9,546,000
Inventory	US$ in thousands	310,000	287,000	274,000	276,000	72,000
Inventory turnover		42.56	42.90	42.78	38.26	132.58

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $13,194,000K ÷ $310,000K
= 42.56

The inventory turnover for Leidos Holdings Inc has been relatively consistent over the past five years, ranging from 38.26 to 132.58. The high inventory turnover in 2019 indicates that the company was able to sell and replace its inventory rapidly that year. However, the slightly lower values in the subsequent years suggest a slight decrease in the efficiency of inventory management. Overall, Leidos Holdings Inc has maintained a strong inventory turnover ratio, indicating effective inventory management practices throughout the years analyzed.