Days Inventory is also known as Days Sales of Inventory (DSI). Verizon Communications's Average Total Inventories for the
three
months ended in Mar. 2024 was $2,067 Mil. Verizon Communications's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $12,872 Mil.
Hence, Verizon Communications's Days Inventory for the
three
months ended in Mar. 2024 was 14.65.
The historical rank and industry rank for Verizon Communications's Days Inventory or its related term are showing as below:
VZ'
s Days Inventory Range Over the Past 10 Years
Min: 7.69 Med: 8.85 Max: 16.8
Current: 14.58
During the past 13 years, Verizon Communications's highest Days Inventory was 16.80. The lowest was 7.69. And the median was 8.85.
VZ's Days Inventory is ranked better than 61.41% of 298
companies
in the Telecommunication Services industry
Industry Median: 19.14
vs VZ: 14.58
Verizon Communications's Days Inventory
declined
from Mar. 2023 (16.11) to Mar. 2024 (14.65).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Verizon Communications's Inventory Turnover for the
three
months 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
three
months ended in Mar. 2024 was 0.06.
Verizon Communications Days Inventory Historical Data
The historical data trend for Verizon Communications's Days 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.
For the Telecom Services subindustry, Verizon Communications's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Verizon Communications Days Inventory Distribution
For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Days Inventory distribution charts can be found below:
* The bar in red indicates where Verizon Communications's Days Inventory falls into.
Verizon Communications Days Inventory Calculation
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 fiscal year that ended in Dec. 2023 is calculated as
* 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.
Verizon Communications (NYSE:VZ) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Verizon Communications's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
2. 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
three
months ended in Mar. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Verizon Communications Days Inventory Related Terms
Thank you for viewing the detailed overview of Verizon Communications's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Verizon Communications (Verizon Communications) Business Description
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.
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