Pfizer Inc (PFE)
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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 43,644,000 | 43,757,000 | 40,697,000 | 45,989,000 | 52,421,000 | 50,999,000 | 53,797,000 | 51,334,000 | 45,545,000 | 33,762,000 | 27,919,000 | 23,792,000 | 22,352,000 | 27,436,000 | 27,105,000 | 27,482,000 | 28,160,000 | 29,002,000 | 29,036,000 | 29,563,000 |
| Inventory | US$ in thousands | 10,189,000 | 10,204,000 | 10,310,000 | 9,541,000 | 8,981,000 | 9,513,000 | 10,454,000 | 9,979,000 | 9,059,000 | 8,640,000 | 8,948,000 | 8,493,000 | 8,020,000 | 9,295,000 | 8,564,000 | 8,423,000 | 7,068,000 | 8,222,000 | 8,233,000 | 8,029,000 |
| Inventory turnover | 4.28 | 4.29 | 3.95 | 4.82 | 5.84 | 5.36 | 5.15 | 5.14 | 5.03 | 3.91 | 3.12 | 2.80 | 2.79 | 2.95 | 3.16 | 3.26 | 3.98 | 3.53 | 3.53 | 3.68 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $43,644,000K ÷ $10,189,000K
= 4.28
Pfizer Inc.'s inventory turnover has shown some fluctuations in recent quarters. In Q4 2023, the inventory turnover ratio decreased to 2.45 from 2.65 in the previous quarter (Q3 2023), indicating that the company took longer to sell its inventory compared to the prior period. This may suggest potential issues with inventory management or slower sales during the quarter.
Comparing Q4 2023 to the same period in the previous year (Q4 2022), there has been a significant decline in inventory turnover, from 3.82 to 2.45. This suggests a notable increase in the time it takes for Pfizer to sell its inventory, which could be a cause for concern about excess or obsolete inventory levels.
Overall, Pfizer's inventory turnover has been declining over the past quarters, indicating a potential inefficiency in managing and selling inventory. Further analysis and investigation into the company's inventory management practices and sales performance are recommended to address any underlying issues and improve efficiency in this area.
Peer comparison
Dec 31, 2023
Dec 31, 2023