Tenet Healthcare Corporation (THC)
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 | 12,963,000 | 12,952,000 | 12,834,000 | 12,595,000 | 12,393,000 | 12,148,000 | 12,137,000 | 12,339,000 | 12,403,000 | 12,555,000 | 12,445,000 | 11,781,000 | 11,722,000 | 11,590,000 | 11,620,000 | 12,069,000 | 12,017,000 | 12,239,000 | 12,125,000 | 12,084,000 |
| Inventory | US$ in thousands | 411,000 | 413,000 | 404,000 | 407,000 | 405,000 | 394,000 | 387,000 | 391,000 | 384,000 | 376,000 | 364,000 | 368,000 | 368,000 | 349,000 | 337,000 | 324,000 | 310,000 | 311,000 | 309,000 | 308,000 |
| Inventory turnover | 31.54 | 31.36 | 31.77 | 30.95 | 30.60 | 30.83 | 31.36 | 31.56 | 32.30 | 33.39 | 34.19 | 32.01 | 31.85 | 33.21 | 34.48 | 37.25 | 38.76 | 39.35 | 39.24 | 39.23 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $12,963,000K ÷ $411,000K
= 31.54
Based on the data provided for Tenet Healthcare Corp.'s inventory turnover ratio across the last eight quarters, it is evident that the company's inventory turnover has consistently been reported as 0.00. This indicates that Tenet Healthcare Corp. is not effectively managing its inventory levels in relation to its cost of goods sold. A low or zero inventory turnover ratio could suggest issues such as overstocking, obsolete inventory, poor sales, or inefficient inventory management practices.
The consistent trend of 0.00 inventory turnover over multiple quarters implies that the company may have excess inventory on hand or is facing challenges in converting its inventory into sales. Further investigation into the company's inventory management processes, demand forecasting, and supply chain efficiency may be warranted to identify the root causes of the consistently low inventory turnover ratio.
Peer comparison
Dec 31, 2023
Dec 31, 2023