NV5 Global Inc (NVEE)
Inventory turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 698,130 | 671,978 | 636,121 | 616,972 | 697,278 | 687,834 | 670,855 | 652,222 | 620,548 | 600,460 | 591,909 | 582,484 | 595,712 | 578,936 | 551,071 | 525,526 | 487,484 | 470,852 | 445,823 | 423,138 |
| Inventory | US$ in thousands | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $698,130K ÷ $0K
= —
As there is no data provided for NV5 Global Inc's inventory turnover ratio, a detailed analysis cannot be performed at this time. The inventory turnover ratio is a key financial metric that indicates how efficiently a company manages its inventory levels. A high inventory turnover ratio typically suggests that a company is selling its inventory quickly, which can be a positive sign of operational efficiency. On the other hand, a low inventory turnover ratio may indicate excess inventory or slow-moving goods, potentially leading to higher holding costs or possible obsolescence risks. Understanding the trend of the inventory turnover ratio over time could provide valuable insights into NV5 Global Inc's inventory management practices and overall business performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023