Dynavax Technologies Corporation (DVAX)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	49,445	50,167	262,153	173,572	13,910
Inventory	US$ in thousands	70,054	53,290	59,446	61,335	63,689
Inventory turnover		0.71	0.94	4.41	2.83	0.22

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $49,445K ÷ $70,054K
= 0.71

Based on the data provided, Dynavax Technologies Corporation's inventory turnover has shown fluctuations over the years.

In 2020, the inventory turnover was extremely low at 0.22, indicating that the company's inventory took a long time to sell or turn over during that period. This could suggest inefficiencies in managing inventory levels or challenges in selling products.

However, in 2021, there was a significant improvement in inventory turnover to 2.83, indicating that the company managed to sell its inventory more efficiently compared to the previous year. This could be a positive sign of improved inventory management or increased demand for the company's products.

The inventory turnover further increased in 2022 to 4.41, indicating that the company was able to turn over its inventory more than four times during that period. This could suggest better sales strategies, effective inventory control, or increased efficiency in operations.

In 2023, there was a notable drop in inventory turnover to 0.94, which may indicate a slowdown in sales or challenges in managing inventory levels efficiently. This could warrant a closer look at the company's inventory management practices.

Lastly, in 2024, the inventory turnover decreased further to 0.71, which suggests that the company's inventory took longer to sell compared to the previous year. This could indicate potential issues such as overstocking, lower demand, or operational challenges.

Overall, analyzing Dynavax Technologies Corporation's inventory turnover over the years indicates varying levels of efficiency in managing and selling inventory. It is essential for the company to consistently monitor and improve its inventory turnover to optimize its operations and financial performance.