Bio-Rad Laboratories Inc (BIO)

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	1,186,437	1,176,221	1,178,836	1,214,706	1,244,779	1,262,686	1,273,253	1,249,744	1,231,819	1,230,396	1,233,002	1,252,217	1,281,884	1,279,800	1,250,138	1,179,697	1,107,804	1,072,109	1,045,764	1,066,722
Inventory	US$ in thousands	760,000	804,276	803,693	783,369	780,517	775,818	776,600	752,937	719,316	685,850	657,130	605,492	572,239	588,911	598,989	605,156	622,253	640,228	628,401	557,029
Inventory turnover		1.56	1.46	1.47	1.55	1.59	1.63	1.64	1.66	1.71	1.79	1.88	2.07	2.24	2.17	2.09	1.95	1.78	1.67	1.66	1.92

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,186,437K ÷ $760,000K
= 1.56

Bio-Rad Laboratories Inc's inventory turnover has shown fluctuations over the periods provided. The inventory turnover ratio has generally been fluctuating around the range of 1.5 to 2.2 times per year. The highest inventory turnover was observed on December 31, 2022, with a ratio of 2.24, indicating that Bio-Rad Laboratories Inc was able to sell and replace its inventory efficiently during that period.

However, the inventory turnover ratio declined in the subsequent periods, reaching its lowest point on December 31, 2024, with a ratio of 1.56. This suggests a slowdown in the company's inventory management efficiency during that time.

Overall, the trend shows some variability in inventory turnover, indicating potential changes in sales patterns, production levels, or inventory management practices within Bio-Rad Laboratories Inc. The company may benefit from further investigating the reasons behind these fluctuations to optimize its inventory turnover and ensure more efficient use of its resources.