Mednax Inc (MD)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 255,361 | 265,109 | 293,457 | 330,348 | 598,872 |
| Inventory | US$ in thousands | 13,525 | 0 | 0 | 0 | 0 |
| Inventory turnover | 18.88 | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $255,361K ÷ $13,525K
= 18.88
To calculate inventory turnover for Pediatrix Medical Group Inc, we need information about the cost of goods sold (COGS) and average inventory for each year. Without this data, we are unable to provide a specific analysis of the inventory turnover for the years mentioned. Inventory turnover is a key ratio that indicates how efficiently a company is managing its inventory levels and converting them into sales. A higher inventory turnover ratio generally signifies better efficiency in selling inventory and minimizing excess stock. Conversely, a low inventory turnover may indicate overstocking or slow sales.
To gain insights into Pediatrix Medical Group Inc's inventory turnover, further details on COGS and average inventory for the years in question are necessary for a comprehensive analysis.
Peer comparison
Dec 31, 2023