Krystal Biotech Inc (KRYS)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 98,401 | 77,735 | 40,391 | 15,063 | 6,691 |
| Inventory | US$ in thousands | 6,985 | 0 | — | — | — |
| Inventory turnover | 14.09 | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $98,401K ÷ $6,985K
= 14.09
The inventory turnover ratio for Krystal Biotech Inc as of December 31, 2023, is 14.09. This indicates that the company sold and replaced its inventory approximately 14.09 times during the year. A high inventory turnover ratio signifies that the company efficiently manages its inventory by quickly converting it into sales, which is generally considered favorable as it reduces the risk of obsolescence and holding costs. However, without historical data for comparison, it is challenging to assess the trend in inventory turnover over time. Further analysis in conjunction with industry benchmarks and company-specific factors would provide a more insightful interpretation of Krystal Biotech Inc's inventory management efficiency.
Peer comparison
Dec 31, 2023