Consolidated Communications (CNSL)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	723,590	702,665	537,929	557,207	620,788
Inventory	US$ in thousands	—	-5,959	26,052	—	0
Inventory turnover		—	—	20.65	—	—

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $723,590K ÷ $—K
= —

To calculate Consolidated Communications Holdings Inc's inventory turnover ratio, we need the following information:

1. Cost of Goods Sold (COGS) from the income statement for each year.
2. Average Inventory for each year.

Once we have these figures, we can use the formula:

Inventory Turnover = Cost of Goods Sold / Average Inventory

This ratio indicates how many times during a period a company sells and replaces its inventory. A higher ratio is generally better, as it suggests that the company is efficiently managing its inventory by selling goods quickly and restocking less often.

Without the specific data for Consolidated Communications Holdings Inc, we are unable to calculate the inventory turnover ratio for the years provided. Further analysis would be required based on the available financial statements to determine the efficiency of the company's inventory management over the years.