Cogent Communications Group Inc (CCOI)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 786,758 | 873,934 | 885,976 | 793,275 | 612,089 | 426,706 | 310,332 | 229,344 | 228,155 | 227,601 | 227,026 | 226,692 | 226,335 | 224,746 | 222,620 | 220,326 | 219,155 | 220,316 | 221,050 | 221,571 |
| Inventory | US$ in thousands | — | — | — | — | — | 56,411 | 51,587 | 50,282 | 52,129 | 54,719 | 37,796 | 30,286 | 9,015 | 3,076 | 0 | 0 | — | — | 0 | — |
| Inventory turnover | — | — | — | — | — | 7.56 | 6.02 | 4.56 | 4.38 | 4.16 | 6.01 | 7.49 | 25.11 | 73.06 | — | — | — | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $786,758K ÷ $—K
= —
Inventory turnover is a financial ratio that measures how many times a company's inventory is sold and replaced over a certain period. A higher inventory turnover ratio is generally preferred as it indicates efficient inventory management.
For Cogent Communications Group Inc, the inventory turnover ratio has fluctuated over the past few years. As of September 30, 2021, the ratio was 73.06, indicating a high turnover rate. However, the ratio decreased significantly to 4.16 as of September 30, 2022, and further to 4.38 by December 31, 2022.
From March 31, 2023, to June 30, 2023, there was a slight increase in inventory turnover from 4.56 to 6.02. Subsequently, the ratio increased to 7.56 by September 30, 2023, suggesting improved inventory management.
Overall, fluctuations in Cogent Communications Group Inc's inventory turnover ratio indicate variability in the company's ability to efficiently manage its inventory levels. It is essential for the company to monitor and optimize its inventory turnover to ensure effective resource utilization and enhance operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024