Insperity Inc (NSP)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	304,543	279,969	226,979	198,747	205,184
Inventory	US$ in thousands	—	61,485	58,214	55,686	59,713
Inventory turnover		—	4.55	3.90	3.57	3.44

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $304,543K ÷ $—K
= —

To analyze Insperity Inc's inventory turnover, we first need the relevant data for inventory and cost of goods sold for each year. Without these figures, we are unable to calculate the inventory turnover ratio. Inventory turnover is a key efficiency ratio that measures how many times a company's inventory is sold and replaced over a certain period. A high turnover ratio indicates efficient inventory management, while a low turnover ratio suggests excess inventory or slow-moving goods. It is important to have consistent and accurate data to calculate this ratio effectively and interpret its implications for the company's operations.