PTC Inc (PTC)

Inventory turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cost of revenue	US$ in thousands	1,281,260	1,262,940	1,156,540	1,141,420	993,788
Inventory	US$ in thousands	—	-177,865	-71,065	-135,415	69,408
Inventory turnover		—	—	—	—	14.32

September 30, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,281,260K ÷ $—K
= —

Based on the data provided, the inventory turnover ratio for PTC Inc was not available for the years 2020, 2021, 2022, and 2023. However, in 2020, the inventory turnover was calculated to be 14.32 times.

The inventory turnover ratio measures how efficiently a company manages its inventory by indicating the number of times the inventory is sold and replaced within a specific period. A higher inventory turnover ratio implies that the company is selling and restocking its inventory more frequently, which is generally seen as a positive indicator of efficient inventory management.

PTC Inc's inventory turnover ratio of 14.32 in 2020 suggests that the company was able to sell and replace its inventory over 14 times during that year. Without data for subsequent years, it is challenging to assess the trend and any changes in inventory management efficiency.

Further analysis of the inventory turnover ratio for recent years would provide valuable insights into PTC Inc's ability to manage its inventory effectively and optimize working capital. It would be beneficial to monitor this ratio over time to identify any significant fluctuations or trends in the company's inventory management practices.