VeriSign Inc (VRSN)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	191,400	191,500	193,300	196,500	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
Inventory	US$ in thousands	—	-15,800	—	0	0	-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
Inventory turnover		—	—	—	—	—	—	—	—	—	3.63	—	3.89	—	3.39	3.40	3.90	—	4.05	3.83	4.64

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $191,400K ÷ $—K
= —

VeriSign Inc's inventory turnover ratio measures the efficiency with which the company manages its inventory levels over a specific period. The inventory turnover ratio is calculated by dividing the cost of goods sold by the average inventory for the period. A higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently.

Based on the provided data, VeriSign Inc's inventory turnover has shown fluctuations over the past few quarters. The inventory turnover ratio stood at 4.64 on March 31, 2020, and decreased to 3.83 by June 30, 2020. However, it slightly increased to 4.05 by September 30, 2020.

There was some missing data for the following quarters, but on March 31, 2021, the inventory turnover ratio was recorded at 3.90, which declined to 3.40 by June 30, 2021. The ratio further decreased to 3.39 on September 30, 2021, before climbing back up to 3.89 by March 31, 2022.

In the subsequent quarters, there was limited data available, but the inventory turnover ratio appeared to be around 3.63 on September 30, 2022. This indicates that VeriSign Inc may be taking slightly longer to sell its inventory during those periods.

Overall, the trend in VeriSign Inc's inventory turnover ratio suggests fluctuations in the management of its inventory levels. It is necessary for the company to closely monitor and optimize its inventory turnover to maintain an efficient operation and ensure effective cash flow management.