Frontdoor Inc (FTDR)

Inventory turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 895,000 952,000 818,000 758,000 687,000
Inventory US$ in thousands -6,000 25,000 16,000
Inventory turnover 32.72 42.94

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $895,000K ÷ $—K
= —

To calculate Frontdoor Inc.'s inventory turnover, we need the Cost of Goods Sold (COGS) and the Average Inventory for each year. Once we have these figures, we can use the formula:

Inventory Turnover = COGS / Average Inventory

Unfortunately, without the specific values for COGS and Average Inventory for the years 2019 to 2023, we are unable to compute the inventory turnover for Frontdoor Inc.

However, in general, a higher inventory turnover ratio indicates that a company is selling its inventory quickly, which may be a positive sign of operational efficiency. Conversely, a lower ratio may indicate slow-moving inventory or overstocking.

Further analysis would be required once the specific financial data is available to evaluate Frontdoor Inc.'s inventory management performance accurately.


Peer comparison

Dec 31, 2023

Company name
Symbol
Inventory turnover
Frontdoor Inc
FTDR
ABM Industries Incorporated
ABM
97.96
Airbnb Inc
ABNB
Rollins Inc
ROL
77.43