Incyte Corporation (INCY)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 312,068 | 254,990 | 206,997 | 150,991 | 131,328 |
| Inventory | US$ in thousands | 58,872 | 62,972 | 41,995 | 27,904 | 16,425 |
| Inventory turnover | 5.30 | 4.05 | 4.93 | 5.41 | 8.00 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $312,068K ÷ $58,872K
= 5.30
Incyte Corporation's inventory turnover has shown a decreasing trend over the years. The ratio decreased from 8.00 in December 31, 2020, to 5.41 in December 31, 2021, and further declined to 4.93 in December 31, 2022. Subsequently, the inventory turnover ratio dropped to 4.05 by December 31, 2023, indicating a longer time taken to sell inventory on hand. However, there was a slight improvement as the ratio increased to 5.30 by December 31, 2024. This trend suggests that Incyte Corporation may be experiencing challenges in efficiently managing its inventory levels or in selling its products effectively. Investors and stakeholders should monitor this metric closely to assess the company's operational efficiency and inventory management strategies.
Peer comparison
Dec 31, 2024