NV5 Global Inc (NVEE)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 458,032 | 431,377 | 400,804 | 347,392 | 324,758 |
| Inventory | US$ in thousands | — | 0 | — | — | — |
| Inventory turnover | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $458,032K ÷ $—K
= —
Based on the provided data, NV5 Global Inc's inventory turnover ratios for 2020, 2021, 2022, 2023, and 2024 are all indicated as "—", which typically signifies that the company did not disclose specific inventory turnover figures for those years.
The inventory turnover ratio is a crucial financial metric that indicates how efficiently a company manages its inventory. A higher inventory turnover ratio generally implies that the company is selling its inventory quickly and efficiently, which is usually a positive sign. On the other hand, a lower ratio may indicate overstocking or slow-moving inventory, potentially tying up valuable resources and affecting profitability.
In the absence of specific data points for NV5 Global Inc's inventory turnover, it is challenging to assess the company's inventory management efficiency accurately over the specified years. It is advisable for stakeholders to seek further information or clarification from the company regarding its inventory turnover performance to gain insights into its operational effectiveness and financial health.
Peer comparison
Dec 31, 2024