Verisk Analytics Inc (VRSK)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	876,500	824,600	853,700	791,700	976,800
Inventory	US$ in thousands	84,500	446,300	102,600	81,200	75,000
Inventory turnover		10.37	1.85	8.32	9.75	13.02

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $876,500K ÷ $84,500K
= 10.37

To calculate the inventory turnover ratio for Verisk Analytics Inc, we would need the values of Cost of Goods Sold (COGS) and Average Inventory for each respective year. The inventory turnover ratio is an efficiency ratio that indicates how many times a company's inventory is sold and replaced within a given period.

Given that the data provided in the table does not include the necessary figures for COGS and Average Inventory, we are unable to compute the inventory turnover ratio for Verisk Analytics Inc for the specified years. This ratio is important as it provides insights into the company's inventory management efficiency and how effectively it is converting inventory into sales.

To assess Verisk Analytics Inc's inventory turnover performance and its trend over the years, detailed financial statements or additional data points regarding inventory and cost of goods sold would be required for further analysis.