Integer Holdings Corp (ITGR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,257,580 | 1,178,380 | 1,017,090 | 884,109 | 787,735 |
| Inventory | US$ in thousands | 247,126 | 239,716 | 208,766 | 155,699 | 149,323 |
| Inventory turnover | 5.09 | 4.92 | 4.87 | 5.68 | 5.28 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,257,580K ÷ $247,126K
= 5.09
Integer Holdings Corp's inventory turnover has been relatively stable over the years, ranging from 4.87 to 5.68. The inventory turnover ratio indicates how efficiently the company manages its inventory by showing the number of times the inventory is sold and replaced during a specific period.
A higher inventory turnover ratio suggests that the company is selling goods quickly and efficiently, which is generally positive. In this case, the company's inventory turnover ratios indicate that Integer Holdings Corp has been able to effectively manage its inventory levels and turn over its inventory multiple times within a year.
It is important for companies to strike a balance in inventory turnover to avoid stockouts or excess inventory, which can impact profitability. Integer Holdings Corp's inventory turnover ratios show consistent performance in this aspect, indicating effective inventory management practices within the company.
Peer comparison
Dec 31, 2024