Dolby Laboratories (DLB)
Inventory turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 140,496 | 152,566 | 141,360 | 130,025 | 146,498 |
| Inventory | US$ in thousands | 33,728 | 35,623 | 23,549 | 10,965 | 25,550 |
| Inventory turnover | 4.17 | 4.28 | 6.00 | 11.86 | 5.73 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $140,496K ÷ $33,728K
= 4.17
Dolby Laboratories' inventory turnover has fluctuated over the past five years. The company's inventory turnover ratio was 4.17 in 2024, slightly lower than the prior year's ratio of 4.28. In 2022, Dolby Laboratories achieved a higher inventory turnover ratio of 6.00, indicating that the company sold its inventory six times during that year. The highest inventory turnover ratio was recorded in 2021 at 11.86, showing that the company managed its inventory exceptionally well that year. However, the ratio decreased to 5.73 in 2020.
Overall, Dolby Laboratories' inventory turnover has shown variability, with fluctuations observed in recent years. The company may need to further analyze its inventory management practices to maintain or improve its inventory turnover efficiency in the future.
Peer comparison
Sep 30, 2024