MaxLinear Inc (MXL)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 307,600 | 470,483 | 396,566 | 265,798 | 149,495 |
| Inventory | US$ in thousands | 99,908 | 160,544 | 131,703 | 97,839 | 31,510 |
| Inventory turnover | 3.08 | 2.93 | 3.01 | 2.72 | 4.74 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $307,600K ÷ $99,908K
= 3.08
The inventory turnover ratio measures how efficiently a company manages its inventory. MaxLinear Inc's inventory turnover has been relatively stable over the past five years, ranging from 2.72 to 4.74. A higher turnover ratio indicates that the company is selling its inventory more frequently, which is generally seen as a positive indicator of efficiency.
In 2023, MaxLinear Inc's inventory turnover was 3.08, slightly higher than the previous year's 2.93. This suggests that the company was able to sell and replace its inventory more effectively in 2023 compared to 2022. However, it is important to consider industry benchmarks and other factors to fully assess the company's inventory management performance.
Peer comparison
Dec 31, 2023