Telephone and Data Systems Inc (TDS)

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	2,350,000	1,803,000	1,833,000	1,827,000	1,798,000	1,774,000	1,741,000	1,727,000	1,705,000	1,735,000	1,721,000	1,703,000	1,726,000	1,726,000	1,751,000	1,774,000	1,760,000	1,764,000	1,745,000	2,307,000
Inventory	US$ in thousands	208,000	181,000	216,000	269,000	268,000	252,000	213,000	184,000	178,000	142,000	189,000	145,000	154,000	164,000	152,000	218,000	169,000	147,000	154,000	165,000
Inventory turnover		11.30	9.96	8.49	6.79	6.71	7.04	8.17	9.39	9.58	12.22	9.11	11.74	11.21	10.52	11.52	8.14	10.41	12.00	11.33	13.98

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,350,000K ÷ $208,000K
= 11.30

The inventory turnover ratio for Telephone And Data Systems, Inc. has displayed fluctuations over the past eight quarters. In Q4 2023, the inventory turnover decreased to 11.22 compared to the previous quarter where it was at its peak of 13.20. This decline suggests that the company took longer to sell its inventory in Q4 2023.

Despite the decrease, the inventory turnover ratio remains relatively high, indicating that the company efficiently manages its inventory levels. The highest inventory turnover ratio was recorded in Q1 2022 at 13.37, suggesting that the company was rapidly selling its inventory at that time.

Overall, the trend in inventory turnover ratios shows some variability, but the general efficiency in managing inventory levels is evident. It is important for the company to monitor the inventory turnover ratio closely to ensure optimal inventory management and minimize carrying costs.