Kyndryl Holdings Inc (KD)

Inventory turnover

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Dec 31, 2021	Sep 30, 2021
Cost of revenue (ttm)	US$ in thousands	13,189,000	13,667,000	14,079,000	14,270,000	14,498,000	14,885,000	15,360,000
Inventory	US$ in thousands	—	—	—	1,089,000	-2,034,000	941,000	1,497,000	—	1,274,000	—
Inventory turnover		—	—	—	13.10	—	15.82	10.26

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $13,189,000K ÷ $—K
= —

The inventory turnover for Kyndryl Holdings Inc has shown variations over the past few quarters. The inventory turnover ratio, a measure of how many times a company's inventory is sold and replaced over a period, was not provided in some periods, but for the available data points, we see a decreasing trend. In the most recent quarter ending March 31, 2023, the inventory turnover ratio was 13.10, which declined from 15.82 in the previous quarter but was higher than the 10.26 reported in the quarter ending September 30, 2022.

A high inventory turnover ratio is generally preferred as it indicates that the company is selling its inventory quickly and efficiently. Conversely, a decreasing ratio could suggest potential issues such as overstocking, slow-moving inventory, or declining sales.

It would be beneficial for Kyndryl Holdings Inc to further analyze the reasons behind the fluctuating inventory turnover ratios and take appropriate actions to optimize inventory management practices for improved operational efficiency and financial performance.