Advanced Energy Industries Inc (AEIS)
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 | 1,339,280 | 1,380,203 | 1,439,606 | 1,445,511 | 1,421,307 | 1,352,059 | 1,244,423 | 1,184,360 | 1,142,442 | 1,107,343 | 1,119,797 | 1,108,234 | 1,095,842 | 818,605 | 666,036 | 499,452 | 352,237 | 354,655 | 328,233 | 347,087 |
| Inventory | US$ in thousands | 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 | 230,019 | 240,699 | 92,740 | 99,070 |
| Inventory turnover | 3.98 | 3.79 | 3.67 | 3.60 | 3.78 | 3.30 | 3.14 | 3.28 | 3.38 | 3.24 | 3.77 | 4.48 | 4.95 | 3.18 | 2.56 | 2.12 | 1.53 | 1.47 | 3.54 | 3.50 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,339,280K ÷ $336,137K
= 3.98
The inventory turnover of Advanced Energy Industries Inc. has shown relatively consistent performance over the past eight quarters, ranging from 2.56 to 3.16. The company's inventory turnover ratio indicates how efficiently it is managing its inventory levels. A higher inventory turnover ratio typically signifies that a company is selling its inventory more quickly.
In this case, Advanced Energy Industries Inc. has maintained a moderate to high inventory turnover ratio, peaking at 3.16 in Q4 2023. This suggests that the company is effectively managing its inventory levels and selling its products efficiently. Consistency in inventory turnover is generally a positive sign as it indicates stable operations and effective inventory management practices.
Overall, the trend in Advanced Energy Industries Inc.'s inventory turnover ratio shows a strong operational efficiency and suggests that the company has been successful in managing its inventory effectively over the past eight quarters.
Peer comparison
Dec 31, 2023
Dec 31, 2023