Edwards Lifesciences Corp (EW)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 3,209,300 | 2,707,700 | 2,750,600 | 2,314,800 | 2,361,400 |
| Inventory | US$ in thousands | 1,168,200 | 875,500 | 726,700 | 802,300 | 640,900 |
| Inventory turnover | 2.75 | 3.09 | 3.79 | 2.89 | 3.68 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $3,209,300K ÷ $1,168,200K
= 2.75
The inventory turnover of Edwards Lifesciences Corp has fluctuated over the past five years. In 2021, the company had its highest inventory turnover of 1.72, indicating that the company sold and replaced its inventory 1.72 times during the year. This was likely a result of efficient inventory management and strong sales performance. In contrast, the inventory turnover decreased to 1.18 in 2023, reflecting a slower rate of inventory turnover compared to previous years. This decrease may suggest challenges in managing inventory levels or a slowdown in sales during the year. Overall, while the company's inventory turnover has varied, it is important to monitor trends in inventory turnover to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023