VeriSign Inc (VRSN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 191,400 | 197,300 | 200,700 | 191,900 | 180,200 |
| Inventory | US$ in thousands | — | 0 | -8,100 | -12,953 | -8,214 |
| Inventory turnover | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $191,400K ÷ $—K
= —
Based on the provided data, VeriSign Inc's inventory turnover for the years 2020, 2021, 2022, 2023, and 2024 is not available (indicated as "—"). The lack of specific inventory turnover figures for these years makes it challenging to assess the company's efficiency in managing its inventory.
Inventory turnover is a crucial financial ratio that measures how many times a company's inventory is sold and replaced within a specific period. A high inventory turnover generally indicates effective inventory management, while a low turnover rate may suggest excessive inventory levels or slow-moving inventory.
Without the inventory turnover figures for VeriSign Inc, it is difficult to determine the company's effectiveness in managing its inventory levels efficiently. It is important for VeriSign Inc to track its inventory turnover consistently to evaluate its inventory management practices and make any necessary adjustments to optimize working capital utilization and operational efficiency.
Peer comparison
Dec 31, 2024