Artivion Inc (AORT)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 139,756 | 124,828 | 111,266 | 101,322 | 85,443 |
| Inventory | US$ in thousands | 79,766 | 81,976 | 74,478 | 76,971 | 73,038 |
| Inventory turnover | 1.75 | 1.52 | 1.49 | 1.32 | 1.17 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $139,756K ÷ $79,766K
= 1.75
The inventory turnover ratio of Artivion Inc has shown a gradual improvement over the years, indicating the company's ability to manage its inventory more efficiently. Starting at 1.17 in December 31, 2020, the ratio increased to 1.32 by December 31, 2021, and continued to rise to 1.49 by December 31, 2022. By December 31, 2023, the ratio further improved to 1.52, and it peaked at 1.75 by December 31, 2024. This upward trend suggests that Artivion Inc has been able to sell its inventory more frequently each year, which can lead to better liquidity and profitability for the company.
Peer comparison
Dec 31, 2024