Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Verizon Communications's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $12,872 Mil. Verizon Communications's Average Total Inventories for the quarter that ended in Mar. 2024 was $2,067 Mil.
Verizon Communications's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.23.
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
three
months ended in Mar. 2024 was 14.65.
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 Inventory Turnover Historical Data
The historical data trend for Verizon Communications's Inventory Turnover 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 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.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
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
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 quarter that 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Verizon Communications Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Verizon Communications's Inventory Turnover 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
VZ has been successfully added to your 