Integra LifeSciences Holdings (IART)

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	1,546,449	1,500,852	1,468,535	1,414,673	1,387,983	1,353,185	1,320,159	1,290,343	1,277,573	1,298,051	1,306,436	1,312,094	1,314,932	968,259	956,898	868,540	838,523	1,161,829	1,189,389	1,279,783
Inventory	US$ in thousands	429,090	436,930	421,775	403,422	389,608	366,251	354,293	351,275	324,583	311,060	320,208	328,005	317,386	327,167	323,618	328,049	310,117	307,839	358,756	338,082
Inventory turnover		3.60	3.43	3.48	3.51	3.56	3.69	3.73	3.67	3.94	4.17	4.08	4.00	4.14	2.96	2.96	2.65	2.70	3.77	3.32	3.79

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,546,449K ÷ $429,090K
= 3.60

Integra LifeSciences Holdings' inventory turnover has shown some fluctuations over the past few years. The inventory turnover ratio is a measure of how efficiently a company manages its inventory by indicating how many times a company sells and replaces its inventory during a specific period. A higher ratio indicates that the company is selling its inventory quickly, which is generally a positive sign.

Based on the provided data, we observe the following trends in Integra LifeSciences Holdings' inventory turnover:

- The inventory turnover ratio ranged from 2.65 to 4.17 over the examined periods.
- The ratio generally fluctuated within a moderate range, indicating some variability in the company's ability to sell through its inventory efficiently.
- There was a noticeable increase in inventory turnover from December 31, 2021, to September 30, 2022, after which the ratio remained relatively stable around 4.00.
- The inventory turnover ratio stood at 3.60 as of December 31, 2024, showing a slight decrease compared to the previous periods.

Overall, while Integra LifeSciences Holdings' inventory turnover ratio has shown some variability, it has generally remained within a reasonable range. Further analysis and comparison with industry benchmarks would provide additional insights into the company's inventory management efficiency.