Masimo Corporation (MASI)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,718,600 | 1,634,400 | 430,753 | 400,744 | 308,665 |
| Inventory | US$ in thousands | 545,000 | 501,000 | 201,400 | 215,952 | 115,871 |
| Inventory turnover | 3.15 | 3.26 | 2.14 | 1.86 | 2.66 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,718,600K ÷ $545,000K
= 3.15
Masimo Corporation's inventory turnover has exhibited fluctuating trends over the past five years. The ratio was 3.15 in 2023, slightly lower than the previous year's 3.26. This implies that the company's inventory turned over approximately 3.15 times during the year. Compared to 2021, where the inventory turnover was 2.14, there was an improvement in 2023. However, the inventory turnover was higher in 2020 at 1.86. In 2019, the inventory turnover was 2.66, indicating an increase in efficiency compared to 2023. Overall, Masimo Corporation's inventory turnover has varied over the years, suggesting changes in inventory management practices and sales efficiency.
Peer comparison
Dec 31, 2023