Werner Enterprises Inc (WERN)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	2,243,540	2,258,180	1,825,390	1,348,850	1,437,060
Inventory	US$ in thousands	18,077	14,527	11,140	12,062	9,243
Inventory turnover		124.11	155.45	163.86	111.83	155.48

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,243,540K ÷ $18,077K
= 124.11

The inventory turnover for Werner Enterprises, Inc. for the past five years has been consistently reported as 0.00. This indicates that the company is not effectively managing its inventory levels relative to its cost of goods sold. A low inventory turnover ratio suggests that the company may be overstocked or facing challenges in selling its inventory efficiently. Further investigation into the company's inventory management practices and overall operations may be warranted to improve its inventory turnover and optimize working capital utilization.