Glaukos Corp (GKOS)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 382,279 | 326,976 | 289,237 | 248,305 | 265,544 |
| Inventory | US$ in thousands | 57,678 | 41,986 | 37,841 | 23,011 | 15,809 |
| Inventory turnover | 6.63 | 7.79 | 7.64 | 10.79 | 16.80 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $382,279K ÷ $57,678K
= 6.63
The inventory turnover of Glaukos Corp has shown a declining trend over the years, decreasing from 16.80 in December 31, 2020, to 6.63 by December 31, 2024. This indicates that the company is taking longer to sell its inventory. A higher inventory turnover ratio is generally preferred as it suggests efficient management of inventory levels. The decreasing trend may raise concerns regarding the company's ability to efficiently manage inventory and may lead to potential issues such as excess inventory or obsolete goods. It is advisable for Glaukos Corp to closely monitor and potentially improve its inventory management practices to enhance operational efficiency and profitability.
Peer comparison
Dec 31, 2024