Certara Inc (CERT)

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 180,735 188,652 187,339 170,560 153,136 138,738 135,674 134,644 132,577 130,084 126,041 118,389 111,616 117,232 111,493 104,598 100,765 87,813 83,676 82,491
Inventory US$ in thousands — — -5,026 -5,033 -4,473 13,441 3,020 3,103 3,102 13,016 12,202 9,506 -8,751 1,108 1,838 733 1,909 1,812 — —
Inventory turnover — — — — — 10.32 44.93 43.39 42.74 9.99 10.33 12.45 — 105.81 60.66 142.70 52.78 48.46 — —

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $180,735K ÷ $—K
= —

The inventory turnover ratio for Certara Inc shows fluctuations over the years, indicating changes in how effectively the company is managing its inventory.

- In September 2020, December 2020, and March 2021, the inventory turnover ratios were relatively high at 48.46, 52.78, and 142.70, respectively, suggesting that Certara was selling its inventory quickly during those periods.
- The ratio decreased in June 2021 to 60.66 but remained at a relatively high level.
- However, there was a significant increase in the inventory turnover ratio in September 2021 to 105.81, indicating that Certara improved its efficiency in managing and selling inventory.
- Subsequently, the ratio dropped in the following quarters, reaching 9.99 in September 2022.
- In December 2022 and March 2023, the ratio increased to 42.74 and 43.39, respectively, before dropping again to 10.32 in September 2023.
- The trend suggests some inconsistency in inventory management efficiency during the period under review.

Overall, the inventory turnover ratio of Certara Inc varied throughout the evaluated period, indicating potential changes in sales volumes, inventory levels, or operational efficiency. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's inventory management performance.