MaxLinear Inc (MXL)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	165,746	307,600	470,483	396,566	265,798
Inventory	US$ in thousands	90,343	99,908	160,544	131,703	97,839
Inventory turnover		1.83	3.08	2.93	3.01	2.72

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $165,746K ÷ $90,343K
= 1.83

MaxLinear Inc's inventory turnover has fluctuated over the past five years. In 2020, the inventory turnover ratio was 2.72, indicating that the company turned over its inventory approximately 2.72 times during that year.

There was an improvement in 2021, with the ratio increasing to 3.01, suggesting that the company managed its inventory more efficiently and turned it over more frequently.

In 2022 and 2023, the inventory turnover ratios were 2.93 and 3.08, respectively, showing further improvements in managing inventory levels and turnover.

However, there was a notable decline in 2024, with the inventory turnover ratio dropping to 1.83. This decrease may indicate issues with inventory management or a slowdown in sales relative to inventory levels.

Overall, while there have been fluctuations in MaxLinear Inc's inventory turnover ratio, the company has generally shown a trend of improving efficiency in managing its inventory levels and turnover, with the exception of the decrease in 2024 that may require further analysis.