Strategic Education Inc (STRA)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	650,091	631,158	688,110	641,967	558,915
Inventory	US$ in thousands	—	0	0	—	—
Inventory turnover		—	—	—	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $650,091K ÷ $—K
= —

To calculate the inventory turnover ratio for Strategic Education Inc, we need the cost of goods sold (COGS) and average inventory for the respective years. Without this information provided in the table, we cannot compute the inventory turnover ratio.

Inventory turnover ratio is a measure of how many times a company sells and replaces its inventory during a period. A higher inventory turnover ratio indicates efficient inventory management as it implies that the company is selling goods quickly and not holding onto excess inventory. Conversely, a low ratio may suggest overstocking or slow-moving inventory.

To assess Strategic Education Inc's inventory turnover, we would need additional data such as COGS and average inventory levels for the years in question. This ratio, when calculated and analyzed over multiple years, can provide insights into the company's operational efficiency and inventory management practices.