Corsair Gaming Inc (CRSR)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | |||
| Inventory | US$ in thousands | 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 |
| Inventory turnover | 4.58 | 4.61 | 4.95 | 5.61 | 5.60 | 4.67 | 4.16 | 4.36 | 4.66 | 4.23 | 5.28 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,099,612K ÷ $240,172K
= 4.58
Corsair Gaming Inc's inventory turnover has shown fluctuations over the past eight quarters. The inventory turnover ratio measures how effectively a company is managing its inventory by indicating how many times a company sells and replaces its average inventory during a specific period.
In Q1 2023, Corsair Gaming Inc had an inventory turnover ratio of 5.61, indicating that the company sold and replaced its inventory 5.61 times during that quarter. This was the highest inventory turnover ratio in the past eight quarters, suggesting efficient management of inventory.
However, in Q2 2023 and Q3 2023, the inventory turnover ratio decreased to 4.95 and 4.61, respectively. This decline may indicate potential issues such as overstocking, slowing sales, or ineffective inventory management during those periods.
The inventory turnover ratio improved slightly in Q4 2023 to 4.58 but remained lower than the peak in Q1 2023. Over the past two years, Corsair Gaming Inc's inventory turnover ratio has generally been in the range of 4.16 to 5.61, with some fluctuations.
Overall, while Corsair Gaming Inc has shown periods of efficient inventory management, there are instances where the company may need to closely monitor and optimize its inventory levels to improve its turnover ratio and operational efficiency in the future.
Peer comparison
Dec 31, 2023
Dec 31, 2023