Vir Biotechnology Inc (VIR)

Inventory turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 845 2,765 146,319 65,865 301,579
Inventory US$ in thousands — — — 8,594 —
Inventory turnover — — — 7.66 —

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $845K ÷ $—K
= —

The inventory turnover for Vir Biotechnology Inc was 7.66 times in December 31, 2021. This ratio indicates that the company sold and replaced its inventory 7.66 times during the year. A higher inventory turnover ratio typically suggests efficient inventory management and good sales performance. However, without data for other years, it is difficult to make a trend analysis or comparisons with industry averages. It would be beneficial to monitor this ratio over multiple periods to assess Vir Biotechnology's inventory management effectiveness consistently.