STAAR Surgical Company (STAA)
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 | 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 | 38,231 | 36,366 | 34,272 | 33,185 |
| Inventory | US$ in thousands | 70,260 | 62,122 | 50,964 | 55,616 | 48,322 | 39,860 | — | — | 34,548 | — | — | — | 36,222 | — | — | — | — | — | — | — |
| Inventory turnover | 0.99 | 1.10 | 1.32 | 1.13 | 1.26 | 1.52 | — | — | 1.50 | — | — | — | 1.25 | — | — | — | — | — | — | — |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $69,764K ÷ $70,260K
= 0.99
The inventory turnover ratio for STAAR Surgical Company fluctuated over the period analyzed. The ratio indicates how many times the company's inventory was sold and replaced during the period. A higher ratio generally suggests efficient inventory management.
From December 2019 to September 2020, the inventory turnover ratio ranged from 1.25 to 1.52, indicating relatively efficient management of inventory during this period. However, from March 2021 to December 2021, there were missing data points, potentially indicating uncertainty in interpreting inventory turnover trends.
In the most recent period, inventory turnover was 1.10 in September 2023, showing a slight decrease compared to the previous cycle but still indicating effective inventory management by turning over inventory more than once within the period.
Overall, based on the available data, STAAR Surgical Company has generally maintained a reasonable inventory turnover ratio, suggesting a sound balance between holding adequate inventory levels and swiftly selling products.
Peer comparison
Dec 31, 2023
Dec 31, 2023