Yelp Inc (YELP)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 123,684 | 114,229 | 105,705 | 78,097 | 57,186 |
| Inventory | US$ in thousands | — | — | 0 | 23,480 | — |
| Inventory turnover | — | — | — | 3.33 | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $123,684K ÷ $—K
= —
The inventory turnover ratio for Yelp Inc presents varying values over the years. As per the provided data, the inventory turnover was not available for December 31, 2020, but for December 31, 2021, it stood at 3.33 times. Subsequently, for the years 2022, 2023, and 2024, the inventory turnover ratios were not provided, denoted by "—" symbols.
The inventory turnover ratio of 3.33 for December 31, 2021 suggests that Yelp Inc sold and replaced its inventory approximately 3.33 times during that year. A higher inventory turnover ratio typically indicates that a company is efficiently managing its inventory by quickly selling and replenishing stock, which can be a positive sign of effective inventory management and liquidity.
However, the absence of inventory turnover data for the following years limits the ability to track the trend and assess the consistency of Yelp Inc's inventory turnover performance. Continuous monitoring and analysis of inventory turnover ratios are essential for understanding changes in inventory management efficiency and potential impacts on the company's operations and financial health.
Peer comparison
Dec 31, 2024