Vicor Corporation (VICR)
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 | 285,910 | 299,213 | 303,692 | 307,115 | 304,859 | 291,668 | 272,221 | 258,943 | 250,744 | 242,648 | 243,205 | 237,009 | 228,398 | 218,497 | 211,733 | 205,103 | 202,676 | 208,190 | 209,288 | 214,497 |
| Inventory | US$ in thousands | 106,579 | 104,570 | 106,606 | 107,382 | 101,410 | 94,336 | 83,055 | 73,861 | 67,322 | 63,409 | 57,129 | 54,256 | 57,269 | 58,169 | 55,630 | 53,352 | 49,187 | 49,688 | 54,572 | 51,589 |
| Inventory turnover | 2.68 | 2.86 | 2.85 | 2.86 | 3.01 | 3.09 | 3.28 | 3.51 | 3.72 | 3.83 | 4.26 | 4.37 | 3.99 | 3.76 | 3.81 | 3.84 | 4.12 | 4.19 | 3.84 | 4.16 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $285,910K ÷ $106,579K
= 2.68
The inventory turnover ratio for Vicor Corp. has been gradually decreasing over the past eight quarters, from 2.54 in Q1 2022 to 1.88 in Q4 2023. This indicates that the company is taking longer to sell its inventory, which can suggest potential issues such as overstocking, slowing sales, or ineffective inventory management. A lower inventory turnover can tie up valuable capital in inventory and lead to increased holding costs. The downward trend in inventory turnover over time may prompt further investigation into Vicor Corp.'s inventory management practices and sales strategies to address any inefficiencies and improve overall performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023