VeriSign Inc (VRSN)

Inventory turnover

		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	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	197,300	199,300	200,700	199,900	200,700	199,500	197,300	195,600	191,900	188,595	185,819	181,627	180,200	180,659	180,078	180,536	180,467	182,381	186,187	189,486
Inventory	US$ in thousands	—	-4,600	-6,900	—	-8,100	54,900	-10,600	50,300	-12,953	55,702	54,664	46,528	-8,214	44,610	47,034	38,897	-17,356	43,799	-24,634	-25,413
Inventory turnover		—	—	—	—	—	3.63	—	3.89	—	3.39	3.40	3.90	—	4.05	3.83	4.64	—	4.16	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $197,300K ÷ $—K
= —

As the data for inventory turnover for Verisign Inc. is not provided in the table, it is not possible to calculate or analyze this ratio for the company over the specified quarters. Inventory turnover is a crucial financial metric that indicates how efficiently a company is managing its inventory. A high inventory turnover ratio generally signifies that inventory is selling quickly, while a low ratio may indicate overstocking or slow-moving inventory.

In order to assess Verisign Inc.'s inventory turnover and its implications for the company's operations and financial health, it would be necessary to have access to the specific inventory figures for each quarter in question. This information would enable a calculation of the inventory turnover ratio, providing insights into how effectively the company is managing its inventory levels and the potential impact on profitability and cash flow.