United Therapeutics Corporation (UTHR)
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 | 309,700 | 304,800 | 291,800 | 278,100 | 257,500 | 242,400 | 209,500 | 175,100 | 148,700 | 127,400 | 117,900 | 125,400 | 122,500 | 122,700 | 119,000 | 107,700 | 108,100 | 102,100 | 111,100 | 111,900 |
Inventory | US$ in thousands | 157,900 | 146,700 | 136,500 | 120,200 | 111,800 | 104,300 | 103,300 | 102,500 | 102,000 | 91,000 | 89,900 | 88,200 | 93,800 | 96,700 | 89,900 | 92,200 | 86,500 | 87,900 | 89,700 | 92,000 |
Inventory turnover | 1.96 | 2.08 | 2.14 | 2.31 | 2.30 | 2.32 | 2.03 | 1.71 | 1.46 | 1.40 | 1.31 | 1.42 | 1.31 | 1.27 | 1.32 | 1.17 | 1.25 | 1.16 | 1.24 | 1.22 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $309,700K ÷ $157,900K
= 1.96
United Therapeutics Corporation's inventory turnover has shown a fluctuating trend over the analyzed period. The inventory turnover ratio measures the efficiency with which the company manages its inventory by indicating how many times the inventory is sold and replaced within a specific timeframe.
The data show that the inventory turnover ratio has generally increased from 1.22 on March 31, 2020, to 1.96 on December 31, 2024. A rising inventory turnover ratio generally implies that the company is selling its inventory more quickly and efficiently.
The ratio saw a significant increase from March 31, 2023, to September 30, 2024, indicating that United Therapeutics Corporation was managing its inventory more effectively during this period. However, there was a slight decrease in inventory turnover from September 30, 2024, to December 31, 2024.
Overall, the trend suggests that United Therapeutics Corporation has been improving its inventory management efficiency over the analyzed period. A high inventory turnover ratio is generally positive as it signifies strong sales and effective inventory control.
Peer comparison
Dec 31, 2024
Dec 31, 2024