NV5 Global Inc (NVEE)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 775,481 | 697,278 | 620,547 | 595,712 | 487,482 |
| Inventory | US$ in thousands | 0 | — | — | — | — |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $775,481K ÷ $0K
= —
To calculate NV5 Global Inc's inventory turnover ratio, we need the values for average inventory for each respective year. The inventory turnover ratio is a measure of how efficiently a company manages its inventory levels. It is calculated by dividing the cost of goods sold by the average inventory.
Without the specific data related to cost of goods sold and average inventory for the years provided in the table, we are unable to compute the inventory turnover ratio for NV5 Global Inc. This ratio is crucial in assessing how quickly the company sells through its inventory and can provide insights into its inventory management effectiveness and overall operational efficiency. A high inventory turnover ratio typically indicates strong sales and efficient inventory management practices, while a low ratio may suggest overstocking or difficulties in selling inventory. Interpretation of NV5 Global Inc's inventory turnover ratio would require detailed financial data for analysis.
Peer comparison
Dec 31, 2023