Grand Canyon Education Inc (LOPE)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 254,454 | 250,000 | 228,117 | 216,113 | 195,436 |
| Inventory | US$ in thousands | — | — | 0 | -10,840 | 300 |
| Inventory turnover | — | — | — | — | 651.45 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $254,454K ÷ $—K
= —
To analyze Grand Canyon Education Inc's inventory turnover, we need the cost of goods sold (COGS) and average inventory figure for each year. Without this data for the given years (Dec 31, 2023 to Dec 31, 2019), it is not possible to calculate the inventory turnover. Inventory turnover is a key financial ratio that indicates how efficiently a company is managing its inventory. A higher turnover ratio suggests that inventory is selling quickly, while a lower ratio may indicate inefficiency or overstocking. Monitoring inventory turnover over multiple periods can provide insights into trends in inventory management and operational efficiency.
Peer comparison
Dec 31, 2023