National HealthCare Corporation (NHC)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 775,790 | 743,581 | 698,729 | 683,307 | 660,050 |
| Inventory | US$ in thousands | 7,386 | 7,088 | 8,582 | 8,781 | 7,441 |
| Inventory turnover | 105.04 | 104.91 | 81.42 | 77.82 | 88.70 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $775,790K ÷ $7,386K
= 105.04
The inventory turnover ratio for National Healthcare Corp. has been consistently reported as 0.00 for the past five years, indicating that the company's inventory is not turning over during these periods. This may suggest that the company is either overstocked or facing challenges in effectively managing its inventory levels. A low or zero inventory turnover ratio can lead to increased carrying costs and potential obsolescence of inventory. It is essential for the company to review its inventory management practices and work towards optimizing its inventory turnover to improve operational efficiency and profitability.
Peer comparison
Dec 31, 2023