Corsair Gaming Inc (CRSR)
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 | 988,782 | 997,983 | 1,037,285 | 1,081,670 | 1,099,612 | 1,085,873 | 1,052,242 | 1,057,091 | 1,078,466 | 1,166,402 | 1,215,952 | 1,311,055 | 1,390,206 | 1,403,937 | 1,443,337 | 1,376,128 | 1,236,938 | 1,090,500 | 985,486 | 905,483 |
| Inventory | US$ in thousands | 259,979 | 293,005 | 265,537 | 251,747 | 240,172 | 235,556 | 212,538 | 188,481 | 192,717 | 249,942 | 292,586 | 300,423 | 298,315 | 331,938 | 273,399 | 234,611 | 226,007 | 210,151 | 144,386 | 150,739 |
| Inventory turnover | 3.80 | 3.41 | 3.91 | 4.30 | 4.58 | 4.61 | 4.95 | 5.61 | 5.60 | 4.67 | 4.16 | 4.36 | 4.66 | 4.23 | 5.28 | 5.87 | 5.47 | 5.19 | 6.83 | 6.01 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $988,782K ÷ $259,979K
= 3.80
Inventory turnover measures how efficiently a company manages its inventory by showing how many times the inventory is sold and replaced over a specific period. For Corsair Gaming Inc, the inventory turnover has shown some fluctuations over the periods provided in the data.
From March 31, 2020, to June 30, 2020, there was an increase in inventory turnover from 6.01 to 6.83, indicating that the company was selling and replacing its inventory at a faster rate. However, starting from September 30, 2020, the inventory turnover started to decline gradually, reaching its lowest point at 3.41 on September 30, 2024.
A decreasing trend in inventory turnover can signal potential issues such as overstocking, slow-moving inventory, or ineffective inventory management. It may also suggest that the company is taking longer to sell its inventory, which could tie up capital and lead to higher holding costs.
Corsair Gaming Inc should closely monitor its inventory turnover ratio and investigate the reasons behind the declining trend to optimize its inventory management processes. Improving inventory turnover can lead to better cash flow, reduced holding costs, and increased profitability for the company.
Peer comparison
Dec 31, 2024
Dec 31, 2024