RadNet Inc (RDNT)

Inventory turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 128,552 123,927 106,546 93,044 91,623
Inventory US$ in thousands — 0 — — 0
Inventory turnover — — — — —

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $128,552K ÷ $—K
= —

Based on the provided data for RadNet Inc, the inventory turnover ratio for the years 2020, 2021, 2022, 2023, and 2024 is reported as "—". This indicates that specific information regarding the cost of goods sold and average inventory levels necessary to calculate the inventory turnover ratio is not available or not applicable in the financial statements for these years.

The inventory turnover ratio is a key indicator used to assess how efficiently a company manages its inventory by measuring the number of times the inventory is sold or replaced within a given period. A high inventory turnover ratio generally suggests that a company is effectively managing its inventory levels and quickly converting them into sales, while a low ratio may indicate overstocking, slow-moving inventory, or inefficient inventory management.

Without the actual values for the cost of goods sold and average inventory, it is challenging to provide a detailed analysis of RadNet Inc's inventory turnover performance over the specified years. Investors and stakeholders may want to seek further information or clarification from the company's financial reports or disclosures to better understand the company's inventory management practices and efficiency.