Verizon Communications (Verizon Communications) Change In Inventory : $0 Mil (TTM As of Mar. 2024)

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What is Verizon Communications Change In Inventory?

Verizon Communications's change in inventory for the quarter that ended in Mar. 2024 was $0 Mil. It means Verizon Communications's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Verizon Communications's change in inventory for the fiscal year that ended in Dec. 2023 was $287 Mil. It means Verizon Communications's inventory declined by $287 Mil from Dec. 2022 to Dec. 2023 .

Verizon Communications's Total Inventories for the quarter that ended in Mar. 2024 was $2,076 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Verizon Communications's Days Inventory for the quarter that ended in Mar. 2024 was 14.65.

Inventory Turnover measures how fast the company turns over its inventory within a year. Verizon Communications's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.23.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Verizon Communications's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Verizon Communications Change In Inventory Historical Data

The historical data trend for Verizon Communications's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Verizon Communications Change In Inventory Chart

Verizon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-76.00

-369.00

-905.00

627.00

287.00

Verizon Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Verizon Communications Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

Verizon Communications (NYSE:VZ) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Verizon Communications's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2066.5	/	12872	*	365 / 4
	=	14.65

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Verizon Communications's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12872	/	2066.5
	=	6.23

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Verizon Communications's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2066.5	/	32981
	=	0.06

Verizon Communications Change In Inventory Related Terms

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Verizon Communications (Verizon Communications) Business Description

Industry

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Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.

Executives

Craig L. Silliman	officer: EVP of PubPolicy & Gen Counsel	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Samantha Hammock	officer: EVP & Chief HR Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joseph J. Russo	officer: EVP&Pres-Global Networks&Tech	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Mary-lee Stillwell	officer: SVP and Controller	804 CARNEGIE CENTER, PRINCETON NJ 08540
Kyle Malady	officer: EVP & Chief Technology Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vittorio Colao	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vandana Venkatesh	officer: EVP and General Counsel	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Sowmyanarayan Sampath	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tami A. Erwin	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Hans Erik Vestberg	director, officer: Chairman and CEO	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Manon Brouillette	officer: EVP and Group CEO-VZ Consumer	40 AVENUE SPRINGGROVE, MONTREAL Z4 H3C 4M8
Carol B Tome	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kumara Guru Gowrappan	officer: EVP and Group CEO-VZ Media	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Laxman Narasimhan	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Shellye L Archambeau	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036