New York Times Company (NYT)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,309,510 | 1,249,060 | 1,208,930 | 1,039,570 | 960,222 |
| Inventory | US$ in thousands | — | — | 54,859 | 33,199 | 29,487 |
| Inventory turnover | — | — | 22.04 | 31.31 | 32.56 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,309,510K ÷ $—K
= —
Based on the provided data for New York Times Company's inventory turnover, we can see a declining trend over the years. The inventory turnover ratio, which measures how efficiently a company manages its inventory by indicating the number of times inventory is sold and replaced in a given period, decreased from 32.56 in December 2020 to 31.31 in December 2021 and further dropped to 22.04 in December 2022.
The significant decrease in the inventory turnover ratio may indicate potential issues such as overstocking, slow-moving inventory, or inefficiencies in inventory management. A declining inventory turnover ratio suggests that the company is taking longer to sell its inventory, tying up more capital in stock and potentially facing higher carrying costs.
The absence of data for December 2023 and December 2024 impedes a complete analysis of the trend. However, based on the available information, New York Times Company should closely monitor its inventory management practices and seek ways to improve operational efficiency to enhance inventory turnover and optimize working capital utilization.
Peer comparison
Dec 31, 2024