Fulgent Genetics Inc (FLGT)
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 | 180,235 | 183,104 | 182,975 | 183,729 | 186,715 | 194,198 | 208,915 | 221,699 | 252,067 | 259,484 | 243,390 | 219,183 | 215,533 | 205,171 | 187,966 | 159,825 | 89,807 | 41,669 | 19,293 | 15,196 |
| Inventory | US$ in thousands | 8,384 | 8,632 | 7,026 | 6,528 | 5,827 | 4,877 | 5,531 | 4,722 | 4,280 | 7,509 | 11,942 | 10,612 | 12,206 | 21,950 | 25,373 | 25,684 | 16,491 | 17,747 | 2,155 | 1,531 |
| Inventory turnover | 21.50 | 21.21 | 26.04 | 28.14 | 32.04 | 39.82 | 37.77 | 46.95 | 58.89 | 34.56 | 20.38 | 20.65 | 17.66 | 9.35 | 7.41 | 6.22 | 5.45 | 2.35 | 8.95 | 9.93 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $180,235K ÷ $8,384K
= 21.50
Inventory turnover is a financial ratio that measures how efficiently a company manages its inventory by calculating the number of times the inventory is sold or replaced during a specific period. For Fulgent Genetics Inc, the inventory turnover ratio has been fluctuating over the past few years.
From March 2020 to December 2021, Fulgent Genetics Inc's inventory turnover showed a general increasing trend, indicating that the company was selling its inventory more quickly. In particular, there was a significant improvement in inventory turnover from September 2020 to March 2022, where the ratio increased from 2.35 to 20.65.
However, from June 2022 onwards, the inventory turnover ratio began to decline, reaching its lowest point in December 2024. While the ratio is still relatively high compared to the earlier years, the decreasing trend may suggest potential issues with inventory management efficiency.
Overall, the inventory turnover ratio for Fulgent Genetics Inc has shown both positive and negative fluctuations, indicating varying levels of efficiency in managing inventory throughout the period under consideration. It would be important for stakeholders to monitor these trends closely to ensure effective inventory management practices are in place.
Peer comparison
Dec 31, 2024
Dec 31, 2024