ANI Pharmaceuticals Inc (ANIP)

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 279,593 267,927 252,953 222,842 196,707 164,419 149,212 142,222 138,785 136,357 127,876 114,896 100,610 91,252 86,957 85,338 87,157 80,412 75,296 70,233
Inventory US$ in thousands 136,782 148,042 125,448 113,837 111,196 106,590 104,323 103,654 105,355 95,893 92,545 83,155 81,693 61,684 67,634 59,927 60,803 59,195 52,563 52,902
Inventory turnover 2.04 1.81 2.02 1.96 1.77 1.54 1.43 1.37 1.32 1.42 1.38 1.38 1.23 1.48 1.29 1.42 1.43 1.36 1.43 1.33

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $279,593K ÷ $136,782K
= 2.04

Based on the data provided, the inventory turnover of ANI Pharmaceuticals Inc has shown fluctuating trends over the past few years. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced during a certain period. A higher ratio typically suggests a more efficient management of inventory.

From March 31, 2020, to December 31, 2024, ANI Pharmaceuticals Inc's inventory turnover ratio ranged from 1.23 to 2.04. The ratio increased steadily from 2020 to 2024, with some fluctuations in between. Specifically, from March 31, 2023, to December 31, 2024, the ratio showed significant improvement, reaching its highest value of 2.04 by the end of 2024.

The increasing trend in the inventory turnover ratio indicates that ANI Pharmaceuticals Inc has been managing its inventory more efficiently over the years. This could be attributed to better inventory management practices, streamlined processes, or improved demand forecasting. Overall, a rising inventory turnover ratio suggests that the company is selling its products more quickly relative to the amount of inventory it holds, which is generally considered a positive indicator of operational efficiency.