RadNet Inc (RDNT)
Inventory turnover
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Cost of revenue | US$ in thousands | 123,927 | 106,546 | 93,044 | 91,623 | 999,692 |
Inventory | US$ in thousands | — | — | — | 0 | 2,041 |
Inventory turnover | — | — | — | — | 489.80 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $123,927K ÷ $—K
= —
To calculate inventory turnover for Radnet Inc, we need data on Cost of Goods Sold (COGS) and Inventory balances for each year. Without this information, it is not possible to provide a specific analysis of inventory turnover for the company. Inventory turnover is a critical ratio that indicates how efficiently a company manages its inventory to generate sales. A high inventory turnover ratio generally signifies effective inventory management, while a low ratio may indicate overstocking or slow-moving inventory. Increased inventory turnover is preferred as it implies that the company is selling products quickly and not holding excess inventory. It is essential for Radnet Inc to monitor its inventory turnover ratio over time to ensure optimal inventory management and operational efficiency.
Peer comparison
Dec 31, 2023