Analysis of Inventory
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- Income Statement
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Inventory Disclosure
DexCom 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-process | |||||||||||
| Finished goods | |||||||||||
| Inventory |
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 indicates substantial growth in inventory components over the period under consideration, with variances in the rate of increase for different categories.
- Raw Materials
- There is a consistent upward trend in raw materials from 2018 to 2022. The value increased from 30,800 thousand US dollars in 2018 to 159,000 thousand US dollars in 2022, reflecting more than a fivefold increase. The most pronounced growth occurred between 2020 and 2021, with raw materials more than doubling from 69,900 to 145,200 thousand US dollars.
- Work-in-Process
- Work-in-process inventory maintained relatively stable levels, with minor fluctuations. It remained near 11,000 to 11,200 thousand US dollars from 2018 to 2019, then increased gradually to 17,200 thousand US dollars by 2022. The moderate rise suggests incremental increases in production activity or inventory holding.
- Finished Goods
- Finished goods inventory demonstrated significant volatility. Initially, it rose moderately from 28,700 thousand US dollars in 2018 to 43,800 thousand US dollars in 2019. This was followed by a sharp increase to 150,600 thousand US dollars in 2020 and further growth to 195,900 thousand US dollars in 2021. However, by 2022, finished goods inventory decreased considerably to 130,500 thousand US dollars, indicating a possible inventory drawdown or changes in production and sales dynamics.
- Total Inventory
- Total inventory values show a strong upward trend, rising from 70,700 thousand US dollars in 2018 to a peak of 357,300 thousand US dollars in 2021 before declining to 306,700 thousand US dollars in 2022. The overall increase reflects expansion in inventory holdings, though the reduction in the final year may signal adjustments in inventory management or demand shifts.
In summary, the inventory composition reveals intensified accumulation of raw materials and finished goods through 2021, followed by a reduction in finished goods and total inventory in 2022. Work-in-process inventory experienced steady, modest growth. These patterns may suggest changes in production planning, supply chain management, or market demand in the latest period.