Corcept Therapeutics Incorporated (CORT)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 191,205 | 158,233 | 127,637 | 110,908 | 105,863 |
| Inventory | US$ in thousands | 7,730 | 6,100 | 4,988 | 4,910 | 5,424 |
| Inventory turnover | 24.74 | 25.94 | 25.59 | 22.59 | 19.52 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $191,205K ÷ $7,730K
= 24.74
Corcept Therapeutics Inc's inventory turnover has been declining over the past five years. The company's inventory turnover ratio was 0.84 in 2023, down from 0.88 in 2022, 1.06 in 2021, 1.14 in 2020, and 1.01 in 2019. This indicates that Corcept Therapeutics Inc is taking longer to sell its inventory compared to previous years. A decreasing inventory turnover ratio may suggest inefficiencies in inventory management, potential overstocking, or slowing sales. It is essential for the company to assess its inventory management strategies to improve inventory turnover and optimize working capital utilization.
Peer comparison
Dec 31, 2023