ICU Medical Inc (ICUI)

Inventory turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 1,557,260 1,519,250 1,582,240 824,818 809,507
Inventory US$ in thousands 584,676 709,360 696,009 290,235 314,928
Inventory turnover 2.66 2.14 2.27 2.84 2.57

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,557,260K ÷ $584,676K
= 2.66

ICU Medical Inc's inventory turnover has shown some fluctuations over the past five years. The turnover ratio increased from 2.57 in December 2020 to 2.84 in December 2021, indicating that the company's ability to sell its inventory improved during that period. However, there was a decrease in inventory turnover in the following years, with ratios of 2.27 in December 2022 and 2.14 in December 2023, suggesting a potential slowdown in inventory movement.

In December 2024, ICU Medical Inc saw a slight improvement in inventory turnover to 2.66, indicating a better efficiency in managing inventory compared to the previous year. Overall, the company's inventory turnover ratios have fluctuated within a relatively narrow range, suggesting varying levels of effectiveness in managing and selling inventory throughout the years under review.