AT&T Inc (T)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 56,543,000 | 80,816,000 | 73,720,000 | 90,085,000 | 81,981,000 |
| Inventory | US$ in thousands | 2,177,000 | 3,123,000 | 3,464,000 | 3,592,000 | 2,864,000 |
| Inventory turnover | 25.97 | 25.88 | 21.28 | 25.08 | 28.62 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $56,543,000K ÷ $2,177,000K
= 25.97
The inventory turnover ratio for AT&T, Inc. has shown fluctuations over the past five years. In 2023, the ratio increased to 23.02 from 16.28 in 2022, indicating that the company managed to sell and replace its inventory more frequently during the year. This may suggest efficient inventory management and potentially lower holding costs.
Looking back to 2021, the inventory turnover was 23.04, which was also a relatively high figure reflecting a similar trend of quick inventory turnover. However, there is missing data for 2020 and 2019, making it challenging to provide a complete trend analysis over the five-year period.
Overall, the increasing inventory turnover ratio in recent years signifies that AT&T has been effective in selling its products relative to the amount of inventory it holds. It suggests that the company is managing its inventory efficiently and effectively turning its inventory into sales. However, further analysis and comparison with industry benchmarks would be beneficial for a more comprehensive evaluation.
Peer comparison
Dec 31, 2023