Cohu Inc (COHU)
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 | 250,851 | 278,449 | 297,850 | 318,899 | 343,892 | 359,592 | 388,304 | 424,342 | 437,790 | 447,302 | 468,039 | 483,571 | 500,253 | 503,901 | 461,690 | 404,671 | 364,225 | 341,047 | 338,465 | 342,943 |
| Inventory | US$ in thousands | 141,861 | 144,125 | 146,074 | 151,587 | 155,793 | 166,673 | 173,753 | 176,189 | 170,141 | 165,244 | 162,666 | 160,363 | 161,053 | 157,512 | 155,850 | 160,871 | 142,500 | 137,879 | 141,811 | 134,859 |
| Inventory turnover | 1.77 | 1.93 | 2.04 | 2.10 | 2.21 | 2.16 | 2.23 | 2.41 | 2.57 | 2.71 | 2.88 | 3.02 | 3.11 | 3.20 | 2.96 | 2.52 | 2.56 | 2.47 | 2.39 | 2.54 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $250,851K ÷ $141,861K
= 1.77
The inventory turnover ratio for Cohu Inc has exhibited fluctuations over the past few years, ranging from a low of 1.77 to a high of 3.20. The ratio indicates how efficiently the company is managing its inventory levels and converting them into sales.
From March 31, 2020, to December 31, 2021, there was a gradual improvement in the inventory turnover ratio, suggesting that Cohu Inc was able to sell its inventory more frequently during this period. The peak of 3.20 on September 30, 2021, indicates a significant improvement in inventory management efficiency.
However, from June 30, 2022, to December 31, 2024, the inventory turnover ratio started declining steadily. This could imply that Cohu Inc may be facing challenges in managing its inventory effectively or experiencing a decrease in sales volume relative to inventory levels.
Overall, while the inventory turnover ratio for Cohu Inc has shown variability, it is important for the company to closely monitor and potentially optimize its inventory management practices to ensure efficient utilization of resources and maintain healthy financial performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024