Inari Medical Inc (NARI)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	421,431	394,882	379,018	363,091	337,349	306,845	283,092	247,300	215,122	187,455	150,619	125,275
Inventory	US$ in thousands	42,900	40,227	38,984	36,499	32,581	29,670	26,674	23,828	21,053	19,499	18,112	13,665	10,597	7,195	5,620
Inventory turnover		9.82	9.82	9.72	9.95	10.35	10.34	10.61	10.38	10.22	9.61	8.32	9.17

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $421,431K ÷ $42,900K
= 9.82

Inari Medical Inc's inventory turnover ratio has remained relatively stable over the past eight quarters, ranging between 1.26 and 1.38. This indicates that the company is able to efficiently manage its inventory levels and convert its inventory into sales within a reasonable timeframe. The consistent range of inventory turnover ratios suggests that Inari Medical has a good balance between managing inventory levels to meet customer demand without overstocking or running out of key products. Overall, the company's inventory turnover performance demonstrates strong operational efficiency in managing its inventory effectively.