Intel Corporation (INTC)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	39,844,000	45,099,000	46,217,000	42,390,000	36,568,000
Inventory	US$ in thousands	11,127,000	13,224,000	10,776,000	8,427,000	8,744,000
Inventory turnover		3.58	3.41	4.29	5.03	4.18

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $39,844,000K ÷ $11,127,000K
= 3.58

The inventory turnover of Intel Corporation has fluctuated over the past five years. The ratio indicates the number of times Intel's inventory was sold and replaced within a certain period. A higher inventory turnover ratio is generally preferred as it signifies efficient inventory management.

In 2023, Intel's inventory turnover was 3.58, showing a slight increase compared to the previous year. This suggests that Intel was able to sell and replace its inventory more frequently, which can be a positive sign of effective inventory control.

However, when comparing the 2023 ratio to the levels in 2021 and 2020, there appears to be a slight decrease. Intel's inventory turnover was higher in those years, meaning the company had been more effective at managing its inventory levels and sales during those periods.

Overall, Intel's inventory turnover ratio has shown some variability in recent years, with the company experiencing fluctuations in its ability to efficiently sell and replace inventory. Further analysis would be needed to understand the specific reasons behind these changes and assess their impact on Intel's overall operational effectiveness and financial performance.