Lumen Technologies Inc (LUMN)
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 | 25,990,000 | 28,649,000 | 28,852,000 | 20,476,000 | 20,796,000 | 14,638,000 | 14,795,000 | 15,013,000 | 15,464,000 | 21,381,000 | 21,904,000 | 22,275,000 | 22,491,000 | 12,976,000 | 13,353,000 | 13,666,000 | 27,035,000 | 27,029,000 | 27,297,000 | 27,830,000 |
Inventory | US$ in thousands | 209,000 | 227,000 | 205,000 | 223,000 | 236,000 | 179,000 | 151,000 | 128,000 | 96,000 | 103,000 | 114,000 | 100,000 | 105,000 | 112,000 | 122,000 | 119,000 | 105,000 | 137,000 | 151,000 | 154,000 |
Inventory turnover | 124.35 | 126.21 | 140.74 | 91.82 | 88.12 | 81.78 | 97.98 | 117.29 | 161.08 | 207.58 | 192.14 | 222.75 | 214.20 | 115.86 | 109.45 | 114.84 | 257.48 | 197.29 | 180.77 | 180.71 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $25,990,000K ÷ $209,000K
= 124.35
Lumen Technologies Inc's inventory turnover has shown a fluctuating trend over the past eight quarters. The company's inventory turnover ratio ranged from 31.86 to 65.13 during this period, indicating varying efficiency in managing and selling its inventory. Q2 and Q3 of 2022 demonstrated the highest inventory turnover ratios of 54.83 and 65.13, respectively, reflecting a rapid conversion of inventory into sales, possibly due to effective inventory management practices or strong demand for their products. However, the ratio dropped in subsequent quarters, with Q4 2023 reporting the lowest turnover ratio of 34.18. This decline may suggest challenges in managing inventory levels or slower sales during that period. Overall, monitoring Lumen Technologies Inc's inventory turnover can provide insights into its operational efficiency and effectiveness in utilizing its inventory resources.
Peer comparison
Dec 31, 2023
Dec 31, 2023