Corcept Therapeutics Incorporated (CORT)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	10,882	6,481	5,385	5,281	5,582
Inventory	US$ in thousands	12,412	7,730	17,031	17,950	21,157
Inventory turnover		0.88	0.84	0.32	0.29	0.26

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $10,882K ÷ $12,412K
= 0.88

Corcept Therapeutics Incorporated's inventory turnover has shown a gradual improvement over the past five years. In 2020, the inventory turnover was 0.26, indicating that the company's inventory was turning over approximately 0.26 times during the year. By the end of 2024, the inventory turnover had increased to 0.88, suggesting a more efficient management of inventory. This indicates that the company is selling its inventory at a faster rate compared to previous years, which can be a positive sign of effective inventory management and sales performance. However, it is essential to continue monitoring this trend to ensure sustainable growth and profitability.