Proto Labs Inc (PRLB)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 277,690 | 277,133 | 280,167 | 280,224 | 281,884 | 279,648 | 276,314 | 276,652 | 272,933 | 274,103 | 276,032 | 272,975 | 265,407 | 249,817 | 232,660 | 220,356 | 216,568 | 219,299 | 224,277 | 225,854 |
| Inventory | US$ in thousands | 12,305 | 12,415 | 12,357 | 12,823 | 13,657 | 13,803 | 14,311 | 14,273 | 13,578 | 14,617 | 15,051 | 14,227 | 13,161 | 9,813 | 9,111 | 9,918 | 10,862 | 10,402 | 10,774 | 10,507 |
| Inventory turnover | 22.57 | 22.32 | 22.67 | 21.85 | 20.64 | 20.26 | 19.31 | 19.38 | 20.10 | 18.75 | 18.34 | 19.19 | 20.17 | 25.46 | 25.54 | 22.22 | 19.94 | 21.08 | 20.82 | 21.50 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $277,690K ÷ $12,305K
= 22.57
Proto Labs Inc's inventory turnover has shown some fluctuations over the periods provided. The inventory turnover ratio indicates how many times a company's inventory is sold and replaced over a specific period. A higher inventory turnover ratio is generally considered more favorable as it suggests efficient management of inventory levels.
Analyzing the data, we can observe that Proto Labs Inc's inventory turnover has ranged between approximately 18.34 to 25.54 over the specified periods. The trend shows some variability, with the ratio peaking at around 25.54 in June 30, 2021, and declining to a low of 18.34 in June 30, 2022. Despite some fluctuations, the company has generally maintained a healthy inventory turnover ratio above 20 in most of the periods.
It is important to closely monitor inventory turnover ratios to ensure efficient management of inventory levels. A consistent or increasing trend in this ratio over time indicates that the company is effectively managing its inventory, while a decreasing trend may suggest potential issues such as slow-moving inventory or overstocking. Further analysis of the company's inventory management practices and industry benchmarks can provide more insights into its efficiency in managing inventory levels.
Peer comparison
Dec 31, 2024
Dec 31, 2024