Travel + Leisure Co (TNL)
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 | 1,692,000 | 1,687,000 | 1,659,000 | 1,643,000 | 1,610,000 | 1,504,000 | 1,431,000 | 1,351,000 | 1,282,000 | 2,454,000 | 2,127,000 | 1,781,000 | 1,462,000 | 19,000 | 57,000 | 124,000 | 185,000 | 192,000 | 185,000 | 182,000 |
| Inventory | US$ in thousands | 1,135,000 | 1,149,000 | 1,148,000 | 1,158,000 | 1,193,000 | 1,146,000 | 1,192,000 | 1,129,000 | 1,216,000 | 1,270,000 | 1,339,000 | 1,359,000 | 1,347,000 | 1,331,000 | 1,278,000 | 1,218,000 | 1,199,000 | 1,209,000 | 1,216,000 | 1,213,000 |
| Inventory turnover | 1.49 | 1.47 | 1.45 | 1.42 | 1.35 | 1.31 | 1.20 | 1.20 | 1.05 | 1.93 | 1.59 | 1.31 | 1.09 | 0.01 | 0.04 | 0.10 | 0.15 | 0.16 | 0.15 | 0.15 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,692,000K ÷ $1,135,000K
= 1.49
The inventory turnover of Travel+Leisure Co has remained relatively stable over the past eight quarters, ranging from 0.12 to 0.16. A consistent inventory turnover indicates that the company is effectively managing its inventory levels and efficiently converting its inventory into sales. A lower inventory turnover may suggest overstocking or slow-moving inventory, leading to potential carrying costs and decreased liquidity. Conversely, a higher turnover might indicate effective sales strategies and good inventory management practices. Considering Travel+Leisure Co's inventory turnover trends, the company appears to have maintained a steady balance in managing its inventory over the analyzed period.
Peer comparison
Dec 31, 2023
Dec 31, 2023