What is Teleflex's inventory turnover?

Teleflex (TFX) reported inventory turnover of 2.3× in Q3 2023.

How has Teleflex's inventory turnover changed year-over-year?

Teleflex's inventory turnover decreased by 8.4% year-over-year, from 2.5× to 2.3×.

What is the long-term trend for Teleflex's inventory turnover?

Over 2 years (2020 to 2022), Teleflex's inventory turnover has grown at a -1.3% compound annual growth rate (CAGR), from 2.4× to 2.4×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Teleflex TFX Inventory turnover

Inventory turnover at other companies

Becton, Dickinson and CompanyBDX

3.2×0.0×

HaemoneticsHAE

1.6×-0.2×

Merit Medical SystemsMMSI

2.4×0.0×

ICU MedicalICUI

2.2×-0.2×

Boston ScientificBSX

2.1×+0.1×

ITG

Integer HoldingsITGR

5×+0.1×

Other financials

Income statement

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Revenue$548.3M+32.3%

Gross profit$307.4M+20.4%

Operating income$20.2M-73.4%

Net income-$8.2M-109%

EPS (diluted)-$0.18-109%

Balance sheet

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Cash & equivalents$329.6M+16.8%

Total debt$2.8B+38.6%

Total equity$3.1B-24.7%

Total assets$6.8B-5.3%

Cash flow

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Operating cash flow$46.7M+68.3%

CapEx$18.8M-22.1%

Free cash flow$27.9M+676%

Valuation

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Market cap$5.5B-14.4%

Profitability

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Gross margin38.2%-3.0pp

Operating margin3%-11.8pp

Net margin-47.4%-56.2pp

FCF margin7.9%—

Returns & leverage

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Return on equity-28.1%-31.6pp

Debt / equity0.9×+0.4×

Current ratio2.6×+0.3×

Where this comes from

Calculated from Teleflex’s reported figures.

total cost of revenue/inventories=2.3×

Based on trailing twelve months.

The official record: Teleflex’s 10-Q, filed October 31, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Teleflex's inventory turnover?: Teleflex (TFX) reported inventory turnover of 2.3× in Q3 2023.
How has Teleflex's inventory turnover changed year-over-year?: Teleflex's inventory turnover decreased by 8.4% year-over-year, from 2.5× to 2.3×.
What is the long-term trend for Teleflex's inventory turnover?: Over 2 years (2020 to 2022), Teleflex's inventory turnover has grown at a -1.3% compound annual growth rate (CAGR), from 2.4× to 2.4×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.