Manhattan Associates Inc (MANH)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	592,030	502,507	431,682	388,035	414,417
Inventory	US$ in thousands	20,710	—	0	0	—
Inventory turnover		28.59	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $592,030K ÷ $20,710K
= 28.59

To calculate Manhattan Associates, Inc.'s inventory turnover, we need data on the cost of goods sold (COGS) and average inventory for each year. Without this information provided in the table, we are unable to compute the inventory turnover ratio for any of the years listed. Inventory turnover is a crucial metric that measures how effectively a company manages its inventory by indicating how many times inventory is sold and replaced within a specific period. A high inventory turnover ratio generally suggests efficient inventory management, while a low ratio could indicate overstocking or declining sales. It would be beneficial to have access to the COGS and average inventory figures to assess Manhattan Associates, Inc.'s inventory turnover performance over the years listed.