Glaukos Corp (GKOS)

Inventory turnover

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cost of revenue (ttm) US$ in thousands 314,520 293,095 284,348 278,841 268,132 263,414 259,244 254,570 252,112 251,063 248,102 244,827 264,189 276,322 272,182 258,517 216,409 180,116 165,920 155,499
Inventory US$ in thousands 41,986 39,781 39,447 40,455 37,841 34,182 27,842 24,708 23,011 19,720 17,500 15,271 15,809 19,890 21,088 27,699 42,578 12,801 14,038 13,432
Inventory turnover 7.49 7.37 7.21 6.89 7.09 7.71 9.31 10.30 10.96 12.73 14.18 16.03 16.71 13.89 12.91 9.33 5.08 14.07 11.82 11.58

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $314,520K ÷ $41,986K
= 7.49

Glaukos Corporation's inventory turnover has seen fluctuations over the past eight quarters. The inventory turnover ratio indicates how many times the company has sold and replaced its inventory within a specific period. A higher inventory turnover ratio generally indicates that the company is efficiently managing its inventory.

In the most recent quarter, Q4 2023, Glaukos Corporation's inventory turnover stood at 1.80, a slight decrease from the previous quarter's ratio of 1.86 in Q3 2023. This suggests that the company took longer to sell and replace its inventory in Q4 compared to the previous quarter.

Looking at the trend over the past two years, the inventory turnover ratio has been gradually declining from a high of 2.71 in Q1 2022 to the current level of 1.80 in Q4 2023. This downward trend indicates a potential inefficiency in managing inventory levels or a slower rate of inventory turnover for Glaukos Corporation.

It is essential for the company to closely monitor and manage its inventory turnover ratio to ensure optimal inventory levels and avoid excess inventory holding costs or stockouts. Further analysis of the company's supply chain management and demand forecasting processes may be warranted to address any underlying issues affecting inventory turnover.


Peer comparison

Dec 31, 2023

Dec 31, 2023