Grand Canyon Education Inc (LOPE)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 267,137 | 254,454 | 250,000 | 228,117 | 216,113 |
| Inventory | US$ in thousands | — | 0 | — | 0 | -10,840 |
| Inventory turnover | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $267,137K ÷ $—K
= —
The data provided for Grand Canyon Education Inc's inventory turnover from December 31, 2020, to December 31, 2024, shows that the company did not disclose specific figures for this ratio in any of the years. As a result, without the actual values for the cost of goods sold and average inventory, it is not possible to calculate the inventory turnover ratio to assess how efficiently the company manages its inventory levels during the given period. It is important to note that a higher inventory turnover ratio generally indicates effective inventory management, while a lower ratio may imply excess inventory or potential sales difficulties. Further insights into Grand Canyon Education Inc's operational efficiency and inventory management practices would require additional financial data beyond the information provided.
Peer comparison
Dec 31, 2024