Corning Incorporated (GLW)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,842,000 | 8,657,000 | 9,683,000 | 9,019,000 | 7,772,000 |
| Inventory | US$ in thousands | 2,724,000 | 2,666,000 | 2,904,000 | 2,481,000 | 2,481,000 |
| Inventory turnover | 3.25 | 3.25 | 3.33 | 3.64 | 3.13 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,842,000K ÷ $2,724,000K
= 3.25
Corning Incorporated's inventory turnover has been relatively stable over the past five years. The ratio has ranged from 3.13 to 3.64 with a slight fluctuation, indicating that the company is efficient in managing its inventory levels. A higher inventory turnover ratio typically suggests that the company is selling its inventory quickly and efficiently, which is a positive sign of effective inventory management. However, it is important to note that a very high inventory turnover ratio may also indicate potential issues such as stockouts or lost sales due to insufficient inventory levels. Overall, Corning Incorporated's inventory turnover ratio suggests that the company has maintained a good balance between stocking enough inventory to meet demand and turning over that inventory efficiently.
Peer comparison
Dec 31, 2024