Lumen Technologies Inc (LUMN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 6,703,000 | 7,144,000 | 7,868,000 | 8,488,000 | 8,934,000 |
| Inventory | US$ in thousands | 146,000 | 209,000 | 236,000 | 96,000 | 105,000 |
| Inventory turnover | 45.91 | 34.18 | 33.34 | 88.42 | 85.09 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $6,703,000K ÷ $146,000K
= 45.91
Lumen Technologies Inc has shown a fluctuating trend in its inventory turnover ratio over the past five years.
- In December 2020, the inventory turnover ratio stood at a high 85.09, indicating that the company turned over its inventory more than 85 times during that year.
- This ratio increased further to 88.42 by December 2021, suggesting an improvement in the efficiency of inventory management.
- However, a significant drop was observed in December 2022, with the ratio decreasing to 33.34. This could signal potential issues such as overstocking or slowing sales.
- The trend continued into December 2023, where the inventory turnover ratio slightly increased to 34.18 but remained at a relatively low level.
- By December 2024, there was a further increase in the inventory turnover ratio to 45.91, indicating a recovery in the efficiency of inventory management.
Overall, the inventory turnover ratio of Lumen Technologies Inc has shown fluctuations over the years, highlighting potential challenges in managing inventory levels effectively. The company may need to continue monitoring and improving its inventory management processes to optimize its operations.
Peer comparison
Dec 31, 2024