Shutterstock (SSTK)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	768,525	710,368	636,195	546,682	589,352
Inventory	US$ in thousands	—	—	0	0	0
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $768,525K ÷ $—K
= —

To calculate the inventory turnover for Shutterstock Inc, we need information on the Cost of Goods Sold (COGS) and the average inventory balance for each year. Without these specific figures, we are unable to compute the inventory turnover ratio for any of the years provided.

Inventory turnover is a crucial ratio that measures how many times a company's inventory is sold and replaced during a specific period. It reflects the efficiency of inventory management and the company's ability to convert inventory into sales.

To analyze the inventory turnover effectively, we would need to gather additional data on COGS and inventory balances for the years in question and then calculate the ratio by dividing COGS by the average inventory for each year. This would provide insights into how efficiently Shutterstock Inc is managing its inventory and how quickly it is selling its products, allowing for a more accurate assessment of its operational performance.