Perficient Inc (PRFT)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	766,491	751,984	648,499	161,207	505,447
Inventory	US$ in thousands	—	6,432	5,400	5,575	4,647
Inventory turnover		—	116.91	120.09	28.92	108.77

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $766,491K ÷ $—K
= —

To calculate Perficient Inc.'s inventory turnover, we need to consider the average inventory for each year along with the cost of goods sold. Unfortunately, since the table does not provide these specific figures, we are unable to compute the inventory turnover ratio for any of the mentioned years. Inventory turnover is a crucial ratio that indicates how effectively a company is managing its inventory levels, so it would be insightful to have this data to evaluate Perficient Inc.'s performance in this area over the years.