Integer Holdings Corp (ITGR)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,286,000 | 1,256,194 | 1,240,482 | 1,210,682 | 1,178,384 | 1,149,996 | 1,106,821 | 1,069,765 | 1,017,090 | 973,732 | 941,472 | 907,565 | 884,109 | 848,710 | 803,017 | 761,992 | 787,735 | 841,592 | 873,784 | 908,742 |
| Inventory | US$ in thousands | 247,126 | 265,415 | 272,335 | 262,869 | 239,716 | 232,158 | 228,931 | 225,282 | 208,766 | 210,459 | 194,458 | 173,313 | 155,699 | 149,235 | 147,836 | 153,815 | 149,323 | 156,858 | 172,458 | 170,298 |
| Inventory turnover | 5.20 | 4.73 | 4.55 | 4.61 | 4.92 | 4.95 | 4.83 | 4.75 | 4.87 | 4.63 | 4.84 | 5.24 | 5.68 | 5.69 | 5.43 | 4.95 | 5.28 | 5.37 | 5.07 | 5.34 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,286,000K ÷ $247,126K
= 5.20
Integer Holdings Corp's inventory turnover has been relatively stable over the past five years, ranging between 4.55 and 5.69 turns per year. The inventory turnover ratio measures how efficiently the company manages its inventory by showing how many times the inventory is sold and replaced within a certain period.
A higher inventory turnover ratio usually indicates that the company is managing its inventory efficiently, minimizing storage costs and potential obsolescence. Conversely, a lower ratio may suggest overstocking or slow-moving inventory, which could tie up capital and decrease profitability.
From the data provided, we can observe some fluctuations in Integer Holdings Corp's inventory turnover, with a peak of 5.69 in September 2021 and a low of 4.55 in June 2024. These variations could be influenced by factors such as changes in demand, production efficiency, or inventory management practices.
Overall, a consistent inventory turnover ratio around 5 indicates that Integer Holdings Corp is effectively managing its inventory levels to support its operations and meet customer demand. However, it is important for the company to monitor its inventory turnover regularly and make adjustments as needed to optimize its inventory management processes.
Peer comparison
Dec 31, 2024
Dec 31, 2024