AMC Networks Inc (AMCX)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,327,500 | 1,515,900 | 1,432,080 | 1,401,590 | 1,506,980 |
| Inventory | US$ in thousands | 7,880 | 10,807 | 282,453 | 223,173 | 230,360 |
| Inventory turnover | 168.46 | 140.27 | 5.07 | 6.28 | 6.54 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,327,500K ÷ $7,880K
= 168.46
The inventory turnover ratio for AMC Networks Inc is not provided in the data table. However, the inventory turnover ratio is a key metric used to assess how efficiently a company is managing its inventory. It is calculated by dividing the cost of goods sold by the average inventory level.
A high inventory turnover ratio indicates that the company is selling its inventory quickly, which is generally seen as positive, as it reduces the risk of obsolescence and holding costs. On the other hand, a low inventory turnover ratio could suggest potential issues such as overstocking or slow-moving inventory.
Without the specific values for the inventory turnover ratio for each year, it is challenging to analyze the trend and draw conclusions about AMC Networks Inc's inventory management efficiency over time. An increasing trend in the inventory turnover ratio would typically be a positive sign, indicating improved inventory management practices. Conversely, a decreasing trend may raise concerns about inventory management efficiency. It would be insightful to calculate and compare the inventory turnover ratio for each year to gain a better understanding of AMC Networks Inc's inventory management performance.
Peer comparison
Dec 31, 2023