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