PTC Inc (PTC)

Inventory turnover

		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	Dec 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,281,265	1,281,925	1,298,622	1,312,988	1,262,631	1,215,248	1,182,055	1,119,327	1,156,789	882,551	870,966	900,083	855,626	1,108,296	1,050,941	1,005,121	1,007,502	986,197	991,732	999,120
Inventory	US$ in thousands	—	-169,063	-198,344	123,160	-81,849	-196,293	-202,916	-66,777	-71,065	-61,074	-61,147	-145,051	-135,415	-46,218	-54,430	72,877	69,408	72,630	66,854	70,323
Inventory turnover		—	—	—	10.66	—	—	—	—	—	—	—	—	—	—	—	13.79	14.52	13.58	14.83	14.21

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,281,265K ÷ $—K
= —

Based on the provided data, PTC Inc's inventory turnover has shown some variability over the past couple of years. The inventory turnover for the most recent quarter, ending on December 31, 2023, was 10.66, which indicates that the company turned over its inventory approximately 10.66 times during that period.

Although we lack data for several periods, looking at the trend over the available periods, we can see a general range of inventory turnover ratios between 10.66 and 14.83. This suggests that PTC Inc typically manages its inventory efficiently, with a higher turnover ratio indicating that the company is able to sell its inventory faster.

It is important for PTC Inc to ensure that its inventory turnover remains consistent and efficient to avoid overstocking or obsolete inventory issues. By monitoring and analyzing its inventory turnover ratio over time, the company can make informed decisions regarding inventory management, production levels, and sales strategies to optimize its operations and financial performance.