Telephone and Data Systems Inc (TDS)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	2,351,000	1,818,000	1,721,000	1,729,000	1,763,000
Inventory	US$ in thousands	208,000	268,000	178,000	154,000	169,000
Inventory turnover		11.30	6.78	9.67	11.23	10.43

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,351,000K ÷ $208,000K
= 11.30

Telephone And Data Systems, Inc.'s inventory turnover has fluctuated over the past five years. In 2023, the inventory turnover ratio was 11.22, indicating that the company's inventory was sold and replaced approximately 11.22 times during the year. This was a decrease from the previous year's ratio of 9.57.

In 2021, the company had a higher inventory turnover ratio of 13.89, signifying more efficient management of inventory compared to the two subsequent years. The inventory turnover then increased in 2020 to 15.29 before decreasing slightly in 2019 to 13.83.

Overall, Telephone And Data Systems, Inc. experienced variations in its inventory turnover, with a general trend of decreasing efficiency in managing its inventory over the past five years. It is important for the company to closely monitor its inventory turnover to ensure optimal inventory management and control over carrying costs.