Corsair Gaming Inc (CRSR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 988,782 | 1,099,610 | 1,078,470 | 1,390,210 | 1,236,940 |
| Inventory | US$ in thousands | 259,979 | 240,172 | 192,717 | 298,315 | 226,007 |
| Inventory turnover | 3.80 | 4.58 | 5.60 | 4.66 | 5.47 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $988,782K ÷ $259,979K
= 3.80
The inventory turnover of Corsair Gaming Inc has shown some fluctuations over the past five years. As of December 31, 2020, the inventory turnover ratio was 5.47, indicating that the company was able to sell and replace its inventory approximately 5.47 times during that year.
However, by December 31, 2021, the ratio decreased to 4.66, suggesting a slight decrease in the efficiency of inventory management. This downward trend continued in 2022, with the turnover ratio improving to 5.60, which potentially indicates a more effective management of inventory levels.
Nonetheless, by December 31, 2023, the inventory turnover decreased to 4.58, signalling a potential slowdown in inventory movement. The trend continued in 2024, with the ratio declining further to 3.80, which may raise concerns regarding potential excess inventory or issues with sales and demand forecasting.
Overall, Corsair Gaming Inc should closely monitor its inventory turnover ratio and assess the underlying factors contributing to the fluctuations to ensure optimal inventory management and operational efficiency.
Peer comparison
Dec 31, 2024