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