Advanced Energy Industries Inc (AEIS)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 964,990 | 982,276 | 1,004,777 | 1,029,303 | 1,078,991 | 1,113,933 | 1,176,339 | 1,186,702 | 1,169,916 | 1,114,173 | 1,015,171 | 962,658 | 923,632 | 891,869 | 901,551 | 884,849 | 873,957 | 874,510 | 740,410 | 601,518 |
| Inventory | US$ in thousands | 360,411 | 377,740 | 383,141 | 361,337 | 336,137 | 364,003 | 392,349 | 401,530 | 376,012 | 409,422 | 395,866 | 360,801 | 338,410 | 341,500 | 296,739 | 247,567 | 221,346 | 257,374 | 260,049 | 235,299 |
| Inventory turnover | 2.68 | 2.60 | 2.62 | 2.85 | 3.21 | 3.06 | 3.00 | 2.96 | 3.11 | 2.72 | 2.56 | 2.67 | 2.73 | 2.61 | 3.04 | 3.57 | 3.95 | 3.40 | 2.85 | 2.56 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $964,990K ÷ $360,411K
= 2.68
The inventory turnover for Advanced Energy Industries Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio measures how many times a company sells and replaces its inventory during a certain period. A higher inventory turnover generally indicates that a company is efficiently managing its inventory levels.
In the analyzed period, the inventory turnover ranged from a low of 2.56 on March 31, 2020, to a high of 3.95 on December 31, 2020. The company's inventory turnover peaked in the last quarter of 2020, showing that the company was selling and replacing its inventory at a faster rate at that time.
Overall, the inventory turnover ratio saw some fluctuations but generally remained within a consistent range between 2.56 and 3.95 during the analyzed period. It is important for Advanced Energy Industries Inc to monitor its inventory turnover to ensure optimal inventory management and efficient operations.
Peer comparison
Dec 31, 2024
Dec 31, 2024