Shenandoah Telecommunications Co (SHEN)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	171,134	163,670	157,006	122,962	106,101	107,368	107,094	107,774	107,546	109,052	107,001	104,580	101,524	96,080	93,323	129,286	168,239	214,355	257,675	262,748
Inventory	US$ in thousands	—	—	—	0	9,836	-4,647	29,598	33,830	22,622	30,245	46,620	23,689	-136,537	13,091	1,112,210	1,128,340	1,062,900	1,157,310	3,295	7,071
Inventory turnover		—	—	—	—	10.79	—	3.62	3.19	4.75	3.61	2.30	4.41	—	7.34	0.08	0.11	0.16	0.19	78.20	37.16

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $171,134K ÷ $—K
= —

The inventory turnover for Shenandoah Telecommunications Co fluctuated over the analyzed period. It reached a peak of 78.20 in June 2020, indicating that the company's inventory turned over approximately 78 times during that period. However, there were significant declines in the subsequent quarters, with inventory turnover plummeting to 0.16 by December 2020 and further declining to 0.11 by March 2021.

Subsequently, there were fluctuations in inventory turnover, with varying levels of improvement and decline. Notably, the inventory turnover improved to 10.79 by December 2023 after experiencing periods of lower turnover rates.

It is essential to note that there were some periods where the inventory turnover data was not available, indicated by "—". This could be due to missing data or changes in reporting practices by the company.

Overall, analyzing inventory turnover provides insights into the efficiency of inventory management and the company's ability to convert inventory into sales. The fluctuations in inventory turnover for Shenandoah Telecommunications Co suggest varying levels of efficiency in managing its inventory levels during the analyzed period.