T-Mobile US Inc (TMUS)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 24,506,000 | 26,489,000 | 23,221,000 | 23,209,000 | 15,176,000 |
| Inventory | US$ in thousands | 1,678,000 | 1,884,000 | 2,567,000 | 2,527,000 | 964,000 |
| Inventory turnover | 14.60 | 14.06 | 9.05 | 9.18 | 15.74 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $24,506,000K ÷ $1,678,000K
= 14.60
The inventory turnover of T-Mobile US Inc has shown some fluctuations over the past five years. The company's inventory turnover ratio was 17.99 times in 2023, indicating that the company sold and replaced its inventory nearly 18 times during the year. This is a slightly lower turnover compared to the previous year's ratio of 19.22 times in 2022.
In 2021, the inventory turnover ratio decreased to 14.26 times, reflecting a slower rate of selling and replacing inventory compared to the previous years. The ratio further dropped to 11.19 times in 2020, suggesting a significant decline in inventory turnover efficiency during that year. However, T-Mobile US Inc managed to improve its inventory turnover significantly in 2019, with a ratio of 19.21 times, indicating a healthier inventory management performance.
Overall, fluctuations in inventory turnover ratios can be influenced by various factors such as changes in sales volume, inventory management practices, market demand, and supply chain efficiency. Analyzing these trends can provide insights into the company's operational efficiency and inventory management strategies over the years.