SolarWinds Corp (SWI)

Inventory turnover

		Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	506,249	516,590	521,491	544,210	844,233	1,474,820	1,490,239	1,345,023	990,686	299,711	227,016	224,997	220,093	215,551	211,443	221,508	233,367	245,441	255,454	252,117
Inventory	US$ in thousands	—	—	—	—	0	—	0	0	0	—	—	—	—	—	—	—	—	—	—	—
Inventory turnover		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $506,249K ÷ $—K
= —

To analyze SolarWinds Corp's inventory turnover, we can calculate the inventory turnover ratio using the formula:

Inventory Turnover = Cost of Goods Sold / Average Inventory

However, since the necessary data (Cost of Goods Sold and Average Inventory) is not provided in the table, we cannot calculate the exact inventory turnover ratio for SolarWinds Corp.

Inventory turnover is a crucial financial ratio that measures how efficiently a company manages its inventory. A high inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently, while a low ratio could signal excess inventory or slow sales turnover.

It is important for SolarWinds Corp to monitor its inventory turnover ratio over time to ensure optimal inventory management practices. A consistent or increasing inventory turnover ratio can indicate improved operational efficiency and better working capital management, leading to potentially healthier financial performance.