US Physicalrapy Inc (USPH)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 483,293 | 441,120 | 377,840 | 328,519 | 369,495 |
| Inventory | US$ in thousands | — | -2,858 | 0 | 0 | 0 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $483,293K ÷ $—K
= —
To calculate and analyze the inventory turnover for U.S. Physical Therapy, Inc., we need information on the cost of goods sold (COGS) and the average inventory levels for each year. Without this data, we are unable to provide the specific inventory turnover ratios for the years 2019 to 2023.
Inventory turnover is a key ratio that measures how efficiently a company is managing its inventory. A higher inventory turnover ratio typically indicates that the company is selling its inventory quickly and efficiently, while a lower ratio may suggest inefficiencies in inventory management or slow sales.
For a comprehensive analysis of U.S. Physical Therapy, Inc.'s inventory turnover, it is recommended to calculate the ratio for each year using the formula:
Inventory Turnover = Cost of Goods Sold / Average Inventory
Further insights can be gained by comparing the trends in inventory turnover over the years to assess the company's effectiveness in managing its inventory levels. Additionally, benchmarking these ratios against industry peers can provide context and help identify areas for improvement in inventory management practices.
Peer comparison
Dec 31, 2023