Dolby Laboratories (DLB)
Inventory turnover
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 140,496 | 142,052 | 147,904 | 150,176 | 152,566 | 154,193 | 148,635 | 143,101 | 141,360 | 134,880 | 130,567 | 127,430 | 130,025 | 141,791 | 140,035 | 144,487 | 146,498 | 149,993 | 159,795 | 159,540 |
| Inventory | US$ in thousands | 33,728 | 34,716 | 35,797 | 37,568 | 35,623 | 32,398 | 30,353 | 26,111 | 23,549 | 24,096 | 16,623 | 13,144 | 10,965 | 12,143 | 14,881 | 20,108 | 25,550 | 29,330 | 28,331 | 29,104 |
| Inventory turnover | 4.17 | 4.09 | 4.13 | 4.00 | 4.28 | 4.76 | 4.90 | 5.48 | 6.00 | 5.60 | 7.85 | 9.69 | 11.86 | 11.68 | 9.41 | 7.19 | 5.73 | 5.11 | 5.64 | 5.48 |
September 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $140,496K ÷ $33,728K
= 4.17
Dolby Laboratories' inventory turnover has fluctuated over the past few years, which may indicate changes in inventory management efficiency. The inventory turnover ratio represents how many times a company's inventory is sold and replaced within a specific period.
Looking at the trend, we can see that the inventory turnover ratio has generally been on a downward trajectory since the first quarter of 2022. This could suggest that Dolby Laboratories may be holding onto more inventory or facing challenges in selling its products more quickly.
However, it is important to note that the inventory turnover ratio can vary by industry and business model, so it is essential to compare Dolby Laboratories' ratio to industry benchmarks for a more accurate assessment of its inventory management efficiency. Overall, a consistent and steady inventory turnover ratio is desired, as it indicates that the company is effectively managing its inventory levels to meet customer demand and reduce carrying costs.
Peer comparison
Sep 30, 2024
Sep 30, 2024