SPS Commerce Inc (SPSC)

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	182,069	174,570	167,654	160,640	153,065	147,159	142,897	137,097	131,678	122,964	113,666	106,262	99,836	96,824	95,042	94,416	92,239	89,507	86,655	83,357
Inventory	US$ in thousands	—	59,525	56,250	53,844	52,755	50,082	48,294	46,710	44,529	41,593	40,149	38,666	37,502	36,562	35,797	35,543	35,274	34,583	35,087	34,692
Inventory turnover		—	2.93	2.98	2.98	2.90	2.94	2.96	2.94	2.96	2.96	2.83	2.75	2.66	2.65	2.66	2.66	2.61	2.59	2.47	2.40

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $182,069K ÷ $—K
= —

It appears that the inventory turnover for SPS Commerce Inc. is not provided in the data table for any of the quarters specified. Without this key financial ratio, we are unable to assess the efficiency of the company's inventory management and the frequency at which inventory is sold and replaced during the specified periods.

To evaluate the inventory turnover ratio, the formula is typically calculated as Cost of Goods Sold divided by Average Inventory. A higher inventory turnover ratio signifies that the company is selling its inventory quickly and efficiently, while a lower ratio may indicate potential issues such as overstocking or slow-moving inventory.

Without the specific data points, a detailed analysis of SPS Commerce Inc.'s inventory turnover trend and performance over the stated quarters cannot be provided.