XPO Logistics Inc (XPO)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,885,000 | 6,145,000 | 10,780,000 | 10,867,000 | 10,963,000 |
| Inventory | US$ in thousands | — | 17,000 | 26,000 | — | — |
| Inventory turnover | — | 361.47 | 414.62 | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,885,000K ÷ $—K
= —
To calculate inventory turnover for XPO Inc, we would need the cost of goods sold (COGS) and average inventory for each year. Inventory turnover is a key ratio that indicates how efficiently a company manages its inventory by measuring the number of times inventory is sold and replaced within a given period. A higher inventory turnover is generally preferred as it signifies that inventory is being sold quickly, reducing carrying costs and potential obsolescence.
However, as the data for COGS and average inventory for XPO Inc is not provided in the table, it is not possible to calculate the inventory turnover for the years mentioned. Therefore, without this information, a detailed analysis of XPO Inc's inventory turnover cannot be conducted. For a more thorough evaluation of XPO Inc's inventory management efficiency, it would be necessary to have access to the required financial data to calculate the inventory turnover ratio accurately.
Peer comparison
Dec 31, 2023