Werner Enterprises Inc (WERN)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	2,691,630	2,859,850	2,768,390	2,256,440	1,911,280
Inventory	US$ in thousands	14,183	18,077	14,527	11,140	12,062
Inventory turnover		189.78	158.20	190.57	202.55	158.45

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,691,630K ÷ $14,183K
= 189.78

The inventory turnover for Werner Enterprises Inc has shown some fluctuations over the past five years. The ratio stood at 158.45 times in 2020 and increased to 202.55 times in 2021, indicating a more efficient management of inventory during that year. However, it slightly decreased to 190.57 times in 2022 before dropping to 158.20 times in 2023. In the most recent year, 2024, the inventory turnover improved to 189.78 times.

Overall, Werner Enterprises Inc has generally maintained a high inventory turnover, indicating that the company is efficiently managing its inventory levels and converting its inventory into sales quickly. The fluctuations over the years may be influenced by various factors such as changes in sales volume, supply chain management, and inventory control practices. It is important for the company to continue monitoring and optimizing its inventory turnover to ensure operational efficiency and profitability.