Medpace Holdings Inc (MEDP)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,524,890 | 1,162,310 | 927,757 | 747,231 | 725,346 |
| Inventory | US$ in thousands | — | — | — | — | 0 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,524,890K ÷ $—K
= —
To calculate the inventory turnover ratio for Medpace Holdings Inc, we need the following information:
1. Cost of Goods Sold (COGS)
2. Average Inventory for the period
Without these specific figures, we cannot compute the inventory turnover ratio for the years provided. The inventory turnover ratio is a key financial metric that assesses how efficiently a company manages its inventory by measuring the number of times inventory is sold and replaced within a given period. A higher inventory turnover ratio indicates that inventory is efficiently managed and converted into sales.
To provide a comprehensive analysis of Medpace Holdings Inc's inventory turnover, we would need access to additional financial data to calculate the ratio accurately.
Peer comparison
Dec 31, 2023