Tenet Healthcare Corporation (THC)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 13,302,000 | 17,030,000 | 14,578,000 | 11,037,000 | 7,317,000 | 3,519,000 | 3,459,000 | 3,379,000 | 3,273,000 | 3,251,000 | 3,261,000 | 3,309,000 | 3,328,000 | 3,314,000 | 3,271,000 | 3,023,000 | 2,982,000 | 2,961,000 | 2,937,000 | 3,079,000 |
| Inventory | US$ in thousands | 346,000 | 356,000 | 382,000 | 395,000 | 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 |
| Inventory turnover | 38.45 | 47.84 | 38.16 | 27.94 | 17.80 | 8.52 | 8.56 | 8.30 | 8.08 | 8.25 | 8.43 | 8.46 | 8.67 | 8.81 | 8.99 | 8.21 | 8.10 | 8.48 | 8.72 | 9.50 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $13,302,000K ÷ $346,000K
= 38.45
Tenet Healthcare Corporation's inventory turnover has been fluctuating over the last few years, ranging from a low of 8.08 to a high of 47.84. The inventory turnover ratio indicates how efficiently the company is managing its inventory levels by showing how many times the inventory is sold and replaced within a specific period.
The trend for Tenet Healthcare Corporation's inventory turnover appears to show some volatility, with some fluctuations from period to period. It peaked at 47.84 on September 30, 2024, but then decreased to 38.45 by the end of December 31, 2024. This sudden increase and subsequent decrease could be due to various factors such as changes in sales volumes, inventory management practices, or supply chain disruptions.
Overall, Tenet Healthcare Corporation's inventory turnover has shown variability, and it would be important for the company to closely monitor and analyze the reasons behind these fluctuations to ensure optimal inventory management in the future.
Peer comparison
Dec 31, 2024
Dec 31, 2024