Analysis of Inventory
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- Income Statement
- Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Aggregate Accruals
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Inventory Disclosure
Align Technology Inc., balance sheet: inventory
US$ in thousands
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Raw materials | |||||||||||
| Work in progress | |||||||||||
| Finished goods | |||||||||||
| Inventories |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
The financial data reveals a consistent and substantial increase in inventory components over the given five-year period.
- Raw Materials
-
Raw materials inventory has shown significant growth, rising from $26,119 thousand in 2018 to $172,758 thousand in 2022. This represents an increase of over 560%, indicating a considerable accumulation of raw materials over time.
- Work in Progress
-
The work in progress inventory also increased steadily, moving from $13,784 thousand in 2018 to $96,558 thousand in 2022. This upward trend, more than a sixfold increase, suggests that more products are being retained in the intermediate stage of production as the company expands its operations.
- Finished Goods
-
Finished goods inventory grew from $15,738 thousand in 2018 to $69,436 thousand in 2022. Although the increase is somewhat less pronounced compared with raw materials and work in progress, it still reflects a growth of over 340%, indicating rising stock levels of completed products awaiting sale or distribution.
- Total Inventories
-
Overall inventories have more than quintupled from $55,641 thousand in 2018 to $338,752 thousand in 2022. This substantial growth across all categories of inventory points to the company's scaling production capacity and possibly higher anticipated demand. However, the sharp increase may also flag potential risks related to inventory management or supply chain dynamics.