Exelixis Inc (EXEL)

Inventory turnover

Dec 31, 2024 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
Cost of revenue (ttm) US$ in thousands 666,432 652,351 628,344 637,615 615,252 597,229 570,599 547,411 517,765 494,822 477,966 455,105 454,588 433,836 391,634 368,225 295,000 272,070 288,312 252,481
Inventory US$ in thousands 22,388 21,013 20,614 21,106 17,323 24,978 28,635 29,908 33,299 26,711 33,020 28,467 27,493 28,240 24,982 24,757 20,973 19,319 16,608 15,417
Inventory turnover 29.77 31.05 30.48 30.21 35.52 23.91 19.93 18.30 15.55 18.53 14.48 15.99 16.53 15.36 15.68 14.87 14.07 14.08 17.36 16.38

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $666,432K ÷ $22,388K
= 29.77

Exelixis Inc's inventory turnover has shown fluctuating trends over time, reflecting the efficiency of the company in managing its inventory. The inventory turnover ratio, calculated by dividing the cost of goods sold by the average inventory for a specific period, indicates how quickly a company is able to sell its inventory.

From March 31, 2020, to December 31, 2024, the inventory turnover ratio ranged from a low of 14.07 to a high of 35.52. The highest inventory turnover ratio of 35.52 was recorded on December 31, 2023, suggesting that Exelixis Inc was able to sell and replace its inventory multiple times during that period. On the other hand, the lowest turnover ratio of 14.07 on December 31, 2020, indicates a slower rate of inventory turnover.

Overall, the trend in the inventory turnover ratio for Exelixis Inc shows periods of improvement and decline, reflecting changes in the company's sales and inventory management practices. Analysts may further investigate the reasons behind these fluctuations to assess the effectiveness of Exelixis Inc's inventory management strategies.