Boston Scientific Corp (BSX)

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 10,537,000 10,166,000 10,041,000 9,743,000 9,483,000 9,638,000 9,486,000 9,383,000 9,269,000 9,073,000 9,056,000 8,581,000 8,671,000 8,509,000 8,210,000 8,321,000 7,964,000 7,653,000 7,378,000 7,264,000
Inventory US$ in thousands 2,484,000 2,404,000 2,250,000 2,050,000 1,867,000 1,788,000 1,752,000 1,736,000 1,610,000 1,603,000 1,430,000 1,407,000 1,351,000 1,472,000 1,516,000 1,628,000 1,579,000 1,566,000 1,300,000 1,228,000
Inventory turnover 4.24 4.23 4.46 4.75 5.08 5.39 5.41 5.40 5.76 5.66 6.33 6.10 6.42 5.78 5.42 5.11 5.04 4.89 5.68 5.92

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $10,537,000K ÷ $2,484,000K
= 4.24

Boston Scientific Corp.'s inventory turnover has displayed a decreasing trend over the last four quarters, dropping from 2.12 in Q4 2022 to 1.75 in Q4 2023. This decline could indicate inefficiencies in managing inventory levels or slowing sales. The company's average inventory turnover for the past two years has been relatively stable, hovering around 2. Results suggest that Boston Scientific may need to revisit its inventory management strategies to improve operational efficiency and optimize working capital utilization.


Peer comparison

Dec 31, 2023

Dec 31, 2023


See also:

Boston Scientific Corp Inventory Turnover (Quarterly Data)