Teradata Corp (TDC)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,469,000 | 1,498,000 | 1,526,000 | 1,658,000 | 1,720,000 |
| Inventory | US$ in thousands | 13,000 | 8,000 | 26,000 | 29,000 | 31,000 |
| Inventory turnover | 113.00 | 187.25 | 58.69 | 57.17 | 55.48 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,469,000K ÷ $13,000K
= 113.00
Teradata Corp's inventory turnover has fluctuated over the past five years. The inventory turnover ratio measures how many times a company's inventory is sold and replaced during a specific period. A higher inventory turnover ratio indicates that the company is selling its inventory more frequently, which is generally favorable.
In 2023, Teradata Corp's inventory turnover ratio was 55.23, which was a decrease from the previous year's ratio of 89.25. Despite the decrease, the ratio remains relatively high, suggesting efficient management of inventory levels.
In 2021 and 2020, the inventory turnover ratios were 28.12 and 28.17, respectively, indicating a consistent turnover rate during these years. However, there was a slight increase in the ratio in 2019 to 30.45 compared to the previous two years.
Overall, Teradata Corp's inventory turnover ratios show variability, but the company generally maintains efficient inventory management practices, as reflected in the turnovers being relatively high in most years. Further analysis, such as comparing these ratios to industry benchmarks, would provide additional insights into the company's performance in managing its inventory effectively.
Peer comparison
Dec 31, 2023