VeriSign Inc (VRSN)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 197,300 | 200,700 | 191,900 | 180,200 | 180,467 |
| Inventory | US$ in thousands | — | -8,100 | -12,953 | -8,214 | -17,356 |
| Inventory turnover | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $197,300K ÷ $—K
= —
To analyze Verisign Inc.'s inventory turnover, we need the values of cost of goods sold (COGS) and average inventory for each year. Inventory turnover is calculated as COGS divided by average inventory. A higher inventory turnover indicates that the company is selling its inventory more efficiently.
Without the specific data on COGS and average inventory for the years stated in the table, we are unable to calculate the inventory turnover ratio. This ratio is crucial in understanding how effectively Verisign is managing its inventory levels and converting them into sales. A trend analysis over the years would provide insights into the company's ability to efficiently manage its inventory and generate revenue.
Peer comparison
Dec 31, 2023