Werner Enterprises Inc (WERN)

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	2,243,542	2,269,655	2,291,768	2,318,665	2,258,277	2,172,304	2,073,176	1,858,749	1,697,576	1,529,444	1,379,336	1,335,787	1,348,849	1,372,496	1,408,338	1,446,033	1,437,065	1,442,177	1,436,381	1,441,136
Inventory	US$ in thousands	18,077	17,251	16,026	14,926	14,527	12,849	12,568	12,105	11,140	11,787	11,899	11,919	12,062	9,354	8,713	8,151	9,243	9,750	10,282	9,674
Inventory turnover		124.11	131.57	143.00	155.34	155.45	169.06	164.96	153.55	152.39	129.76	115.92	112.07	111.83	146.73	161.64	177.41	155.48	147.92	139.70	148.97

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,243,542K ÷ $18,077K
= 124.11

The inventory turnover ratio for Werner Enterprises, Inc. has consistently been reported as 0.00 across all quarters in the provided data table. This indicates that the company has been unable to effectively manage its inventory levels and turn over its inventory during each quarter. A low or zero inventory turnover ratio may suggest issues such as overstocking, obsolete inventory, or poor sales performance. It is essential for the company to assess and improve its inventory management practices to optimize its operational efficiency and profitability. Further analysis and investigation are recommended to identify the root causes of the low inventory turnover and implement strategies to address this concern.