Gogo Inc (GOGO)
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 | 138,988 | 133,654 | 145,039 | 140,205 | 137,630 | 137,522 | 143,644 | 141,908 | 135,900 | 126,449 | 115,244 | 108,733 | 102,195 | 101,366 | 96,191 | 127,681 | 202,099 | 299,510 | 382,053 | 431,519 |
| Inventory | US$ in thousands | 97,934 | 74,848 | 69,058 | 69,298 | 63,187 | 62,792 | 60,250 | 54,496 | 49,493 | 46,598 | 42,543 | 36,467 | 33,976 | 29,964 | 27,422 | 28,560 | 28,114 | 35,107 | 130,092 | 123,179 |
| Inventory turnover | 1.42 | 1.79 | 2.10 | 2.02 | 2.18 | 2.19 | 2.38 | 2.60 | 2.75 | 2.71 | 2.71 | 2.98 | 3.01 | 3.38 | 3.51 | 4.47 | 7.19 | 8.53 | 2.94 | 3.50 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $138,988K ÷ $97,934K
= 1.42
The inventory turnover of Gogo Inc has fluctuated over the period under review. It decreased from 3.50 on March 31, 2020, to 1.42 on December 31, 2024. Generally, the trend indicates a decreasing efficiency in managing inventory during this period. A lower inventory turnover ratio suggests that the company is holding more inventory for a longer period before selling it, which may tie up capital and increase holding costs. It is essential for Gogo Inc to closely monitor and improve its inventory management practices to optimize efficiency and maintain healthy liquidity levels.
Peer comparison
Dec 31, 2024
Dec 31, 2024