Teradata Corp (TDC)

Inventory turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	1,411,000	1,440,000	1,418,000	1,400,000	1,437,000	1,427,000	1,465,000	1,472,000	1,452,000	1,501,000	1,513,000	1,537,000	1,574,000	1,593,000	1,601,000	1,628,000	1,656,000	1,720,000	1,096,000	1,162,000
Inventory	US$ in thousands	13,000	8,000	9,000	7,000	8,000	13,000	17,000	16,000	26,000	17,000	20,000	16,000	29,000	14,000	26,000	28,000	31,000	36,000	35,000	52,000
Inventory turnover		108.54	180.00	157.56	200.00	179.62	109.77	86.18	92.00	55.85	88.29	75.65	96.06	54.28	113.79	61.58	58.14	53.42	47.78	31.31	22.35

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,411,000K ÷ $13,000K
= 108.54

Teradata Corp's inventory turnover ratio has shown varying trends over the past eight quarters. In Q4 2023, the inventory turnover ratio was 55.23, indicating that the company turned over its inventory approximately 55 times during the quarter. This represents a decrease from the previous quarter, Q3 2023, where the ratio was 91.00.

Although the inventory turnover ratio saw fluctuations in recent quarters, it remained relatively high overall, reflecting the company's efficiency in managing its inventory levels. The highest turnover rate was observed in Q1 2023 at 99.00, suggesting that Teradata Corp was able to sell and replace its inventory almost 100 times during that quarter.

Comparing the Q4 ratios to the same quarter in the previous year, there has been a notable improvement. In Q4 2022, the ratio stood at 89.25, showing an increase in inventory turnover efficiency in the current year.

Overall, the inventory turnover ratio for Teradata Corp indicates that the company is effectively managing its inventory levels and converting its inventory into sales. The fluctuations in the ratios may be influenced by seasonal factors or changes in demand patterns within the industry. Further monitoring and analysis of the inventory turnover ratio will help assess the company's ongoing inventory management performance.