Exelixis Inc (EXEL)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 666,404 | 615,252 | 517,765 | 454,588 | 329,627 |
| Inventory | US$ in thousands | 22,388 | 17,323 | 33,299 | 27,493 | 20,973 |
| Inventory turnover | 29.77 | 35.52 | 15.55 | 16.53 | 15.72 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $666,404K ÷ $22,388K
= 29.77
Exelixis Inc's inventory turnover has demonstrated a positive trend over the years, indicating efficient management of its inventory levels. The ratio has increased from 15.72 in December 2020 to 29.77 in December 2024, with fluctuations in between. This suggests that the company has been able to sell and replace its inventory at a faster rate in recent years, which can be indicative of strong sales performance and effective inventory control. The substantial spike in inventory turnover to 35.52 in December 2023 may signify a strategic shift in inventory management practices or a temporary factor affecting the company's operations during that period. Overall, the improving trend in inventory turnover ratio reflects positively on Exelixis Inc's operational efficiency and potentially its financial performance.
Peer comparison
Dec 31, 2024