Perdoceo Education Corp (PRDO)

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	531,834	576,535	582,134	582,881	575,648	563,801	565,030	569,606	572,475	584,931	584,245	583,191	575,924	558,650	554,507	575,423	570,198	564,071	559,828	529,364
Inventory	US$ in thousands	5,004	2,183	2,875	3,765	1,904	2,041	1,168	1,405	904	1,178	619	594	596	616	570	553	576	665	660	727
Inventory turnover		106.28	264.10	202.48	154.82	302.34	276.24	483.76	405.41	633.27	496.55	943.85	981.80	966.32	906.90	972.82	1,040.55	989.93	848.23	848.22	728.15

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $531,834K ÷ $5,004K
= 106.28

The inventory turnover for Perdoceo Education Corporation has been consistently reported as 0.00 across all quarters for the years provided in the table (Q1 2022 to Q4 2023). This indicates that the company is not effectively managing its inventory levels and sales in relation to its inventory. A low or zero inventory turnover ratio could suggest overstocking, obsolete inventory, or ineffective sales and marketing strategies. Perdoceo Education Corporation may need to reassess its inventory management practices to improve operational efficiency and financial performance.