Alphabet Inc Class C (GOOG)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	133,332,000	131,099,000	129,028,000	127,216,000	126,203,000	123,849,000	120,312,000	116,435,000	110,939,000	104,031,000	97,527,000	89,853,000	84,732,000	79,672,000	76,123,000	74,866,000	71,896,000	68,794,000	65,507,000	62,094,000
Inventory	US$ in thousands	—	2,957,000	2,231,000	2,315,000	2,670,000	3,156,000	1,980,000	1,369,000	1,170,000	1,278,000	907,000	888,000	728,000	835,000	815,000	889,000	999,000	1,401,000	964,000	1,053,000
Inventory turnover		—	44.34	57.83	54.95	47.27	39.24	60.76	85.05	94.82	81.40	107.53	101.19	116.39	95.42	93.40	84.21	71.97	49.10	67.95	58.97

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $133,332,000K ÷ $—K
= —

Inventory turnover is a crucial financial ratio that measures how efficiently a company manages its inventory. It indicates how many times a company's inventory is sold and replaced over a specific period. A higher inventory turnover ratio typically signifies that a company is effectively managing its inventory by quickly selling products and restocking.

Based on the data provided for Alphabet Inc, the inventory turnover ratio for the last eight quarters has shown fluctuating trends. In Q1 2022, the inventory turnover ratio was 85.05, the highest among the listed quarters, suggesting that Alphabet Inc efficiently managed its inventory during that period. This high ratio indicates that the company sold and restocked its inventory 85.05 times throughout that quarter.

However, in the subsequent quarters, the inventory turnover ratio experienced a decline before increasing again in Q2 2023. This upward trend continued until Q4 2023, where the exact inventory turnover ratio is not provided. Notably, the trend indicates a favorable pattern towards the end of the period under review.

Overall, the fluctuations observed in Alphabet Inc's inventory turnover ratio suggest varying levels of efficiency in managing inventory during the analyzed period. A detailed analysis of the company's operational and supply chain management practices could provide further insights into the factors influencing these fluctuations and whether they align with the company's strategic objectives.