DexCom Inc (DXCM)

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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	2,533,400	2,445,700	2,319,400	2,193,000	2,069,300	1,925,700	1,817,000	1,684,500	1,582,600	1,465,500	1,381,500	1,320,600	1,269,300	1,212,400	1,167,200	1,131,500	1,069,000	1,005,500	829,700	650,200
Inventory	US$ in thousands	559,600	498,600	421,100	366,000	306,700	311,000	339,500	342,200	357,300	351,300	319,300	289,700	234,700	200,700	165,300	141,900	119,800	120,400	117,900	101,100
Inventory turnover		4.53	4.91	5.51	5.99	6.75	6.19	5.35	4.92	4.43	4.17	4.33	4.56	5.41	6.04	7.06	7.97	8.92	8.35	7.04	6.43

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,533,400K ÷ $559,600K
= 4.53

The inventory turnover ratio for Dexcom Inc has shown a decreasing trend over the past eight quarters. It decreased from 3.35 in Q4 2022 to 2.38 in Q4 2023. This suggests that Dexcom Inc is taking longer to sell its inventory, indicating potential inefficiencies in inventory management or challenges in selling its products. However, it's worth noting that the ratio has fluctuated over the quarters, indicating varying sales and inventory management practices. Further analysis and comparison with industry averages may provide more insights into the company's inventory management efficiency.