Medpace Holdings Inc (MEDP)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,634,380	1,524,890	1,162,310	927,757	747,231
Inventory	US$ in thousands	—	0	—	—	—
Inventory turnover		—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,634,380K ÷ $—K
= —

Based on the provided data, Medpace Holdings Inc's inventory turnover could not be calculated as the inventory turnover ratio values are unavailable for the years listed (December 31, 2020 to December 31, 2024). The inventory turnover ratio is a key financial metric that indicates how efficiently a company manages its inventory.

A high inventory turnover ratio typically signifies that a company has good sales relative to its inventory levels, indicating efficient inventory management. Conversely, a low inventory turnover ratio may indicate overstocking, obsolete inventory, or declining sales.

Without the specific values for the inventory turnover ratio for the years in question, it is difficult to assess Medpace Holdings Inc's efficiency in managing its inventory during this period. It would be advisable to review the missing data and calculate the inventory turnover ratios to gain a better understanding of the company's inventory management practices.