Shenandoah Telecommunications Co (SHEN)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 278,863 | 207,661 | 193,684 | 174,251 | 134,517 |
| Inventory | US$ in thousands | 9,836 | 22,622 | -136,537 | 1,062,900 | 5,728 |
| Inventory turnover | 28.35 | 9.18 | — | 0.16 | 23.48 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $278,863K ÷ $9,836K
= 28.35
The data provided indicates that inventory turnover information for Shenandoah Telecommunications Co. is not available for the years 2020, 2021, 2022, and 2023. However, the inventory turnover ratio for the year ending December 31, 2019, was 46.21.
The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times a company sells and replaces its inventory during a specific period. A high inventory turnover ratio generally indicates that a company is selling its goods quickly and efficiently.
Since there is no specific data available for the recent years, it is challenging to provide a current analysis of Shenandoah Telecommunications Co.'s inventory turnover trend. It is recommended that investors and stakeholders closely monitor future financial reports to assess any changes in the company's inventory turnover performance.
Peer comparison
Dec 31, 2023