STAAR Surgical Company (STAA)
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 | 74,319 | 72,565 | 69,132 | 70,119 | 69,764 | 68,475 | 67,389 | 63,038 | 61,008 | 60,759 | 58,226 | 54,161 | 51,835 | 49,522 | 48,681 | 46,281 | 45,098 | 43,460 | 41,254 | 40,255 |
| Inventory | US$ in thousands | 43 | 40,361 | 39,282 | 38,581 | 35,130 | 31,061 | 25,482 | 27,808 | 24,161 | 19,930 | 18,089 | 18,450 | 17,274 | 16,518 | 15,590 | 16,789 | 18,111 | 18,234 | 17,836 | 17,565 |
| Inventory turnover | 1,728.35 | 1.80 | 1.76 | 1.82 | 1.99 | 2.20 | 2.64 | 2.27 | 2.53 | 3.05 | 3.22 | 2.94 | 3.00 | 3.00 | 3.12 | 2.76 | 2.49 | 2.38 | 2.31 | 2.29 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $74,319K ÷ $43K
= 1,728.35
The inventory turnover ratio for STAAR Surgical Company has shown fluctuations over the years. From March 31, 2020, to December 31, 2021, the inventory turnover steadily increased from 2.29 to 3.00, indicating that the company was selling its inventory more efficiently. However, there was a slight dip to 2.94 by March 31, 2022, before reaching a peak of 3.22 by June 30, 2022.
Subsequently, there was a decrease in inventory turnover to 2.53 by December 31, 2022, and further drops to 1.82 by March 31, 2023, and 1.76 by June 30, 2023. This significant decline may raise concerns about the company's ability to manage its inventory effectively.
Although there was a slight improvement to 2.64 by September 30, 2023, the ratio decreased sharply to 1.99 by December 31, 2023. The inventory turnover continued to decline further to 1.80 by September 30, 2024, before an anomalous spike to 1,728.35 by December 31, 2024, which could be due to exceptional circumstances or data errors.
Overall, the trend in STAAR Surgical Company's inventory turnover ratio indicates a mix of both positive and concerning signals regarding the efficiency of its inventory management processes. Further analysis and investigation into the reasons behind the fluctuations are warranted to assess the company's inventory control strategies and financial health accurately.
Peer comparison
Dec 31, 2024
Dec 31, 2024