Innoviva Inc (INVA)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 36,598 | 49,398 | 13,793 | 13,832 | 1,788 |
| Inventory | US$ in thousands | 33,725 | 40,737 | 55,897 | -110,711 | -93,931 |
| Inventory turnover | 1.09 | 1.21 | 0.25 | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $36,598K ÷ $33,725K
= 1.09
The inventory turnover for Innoviva Inc experienced a notable improvement over the years, starting as non-existent in 2020 and 2021, then gradually increasing to 0.25 in 2022, and further improving to 1.21 in 2023. However, there was a slight decrease to 1.09 in 2024. This indicates that the company became more effective in managing its inventory levels and turning its inventory into sales in the later years, with a particular standout improvement in 2023. The overall trend suggests that Innoviva Inc has been able to optimize its inventory management, but it may need to keep a close eye on maintaining this efficiency going forward.
Peer comparison
Dec 31, 2024