Certara Inc (CERT)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	154,516	141,022	132,577	111,616	100,765
Inventory	US$ in thousands	—	-4,473	3,102	827	1,909
Inventory turnover		—	—	42.74	134.96	52.78

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $154,516K ÷ $—K
= —

The inventory turnover for Certara Inc has shown varying trends over the years. In December 2020, the inventory turnover was 52.78, indicating that the company was able to sell and replenish its inventory approximately 52.78 times during that year. This ratio significantly improved by December 2021, reaching 134.96, suggesting an even faster rate of inventory turnover.

However, there was a notable decline in inventory turnover by December 2022, with the ratio falling to 42.74. This decrease could imply that Certara Inc may have had excess inventory on hand relative to its sales during that period.

For December 2023 and December 2024, the data is missing represented by "—". This absence of information makes it challenging to evaluate the inventory turnover for those specific years.

In summary, while Certara Inc experienced fluctuations in its inventory turnover ratio over the analyzed period, it demonstrated a significant improvement in efficiency from 2020 to 2021 but experienced a drop in turnover in 2022. Moving forward, monitoring and managing inventory levels effectively will be crucial for optimizing operational performance and financial health.