Otelco (Otelco) Inventory Turnover : 2.18 (As of Dec. 2020)

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What is Otelco Inventory Turnover?

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. Otelco's Cost of Goods Sold for the three months ended in Dec. 2020 was $8.02 Mil. Otelco's Average Total Inventories for the quarter that ended in Dec. 2020 was $3.67 Mil. Otelco's Inventory Turnover for the quarter that ended in Dec. 2020 was 2.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Otelco's Days Inventory for the three months ended in Dec. 2020 was 41.81.

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. Otelco's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.24.

Otelco Inventory Turnover Historical Data

The historical data trend for Otelco'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.

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Otelco Inventory Turnover Chart

Otelco Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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15.59

12.86

11.12

8.90

7.99

Otelco Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Inventory Turnover	Get a 7-Day Free Trial															1.81	1.93	1.91	1.97	2.18

Otelco Inventory Turnover Calculation

Otelco's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	30.251	/ (	(3.954	+	3.615)	/	2 )
=	30.251	/	3.7845
=	7.99

Otelco's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	8.016	/ (	(3.731	+	3.615)	/	2 )
=	8.016	/	3.673
=	2.18

Otelco (NAS:OTEL) Inventory Turnover Explanation

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.

Otelco's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	3.673	/	8.016	*	365 / 4
	=	41.81

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.

Otelco's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	3.673	/	15.507
	=	0.24

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.

Otelco Inventory Turnover Related Terms

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Otelco (Otelco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Otelco Inc (NAS:OTEL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Third Avenue East, Oneonta, AL, USA, 35121

Website

https://www.otelco.com

Otelco Inc is a US-based company, which provides a broad range of telecommunication services on a retail and wholesale basis. It offers communication services related to telephone, long distance, Internet, broadband services and television. The principal markets for these services are business and residential customers residing in and adjacent to the exchanges the company serves in Alabama, Massachusetts, Maine, Missouri, Vermont, and West Virginia. In addition, it also offers cloud hosting and managed services for small and mid-sized companies who rely on mission-critical software applications. The company derives revenue through the source of local services, network access, internet, transport services, video and security and managed services.

Executives

Garner Curtis Lee Jr	director, officer: Chief Financial Officer	505 3RD AVENUE EAST ONEONTA AL 35121
Jerry C Boles	officer: SVP and Controller	91 HILLTOP ROAD ONEONTA AL 35121
Ira Sochet	10 percent owner	24 NORTH PINE CIRCLE, BELLEAIR FL 33756
Richard Allen Clark	director, officer: President & CEO	505 3RD AVE. EAST ONEONTA AL 35121
Norman C Frost	director	IOWA TELECOMMUNICATIONS SERVICES, INC. 115 S. SECOND AVE. W. NEWTON IA 50208
Howard James Haug	director	681 PENN PLACE WINTER PARK FL 32789-2408
Barbara Dondiego	director	1375 PEACHTREE STREET ATLANTA GA 30309
Judd Dayton	director	878 S. DENTON TAP RD., SUITE 220, COPPELL TX 75019
Gary L Sugarman	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Stephen Phillip Mccall	director	199 WATER STREET, 20TH FLOOR C/O SEAPORT CAPITAL NEW YORK NY 10038
Robert J. Souza	director, officer: President & CEO	12 COLONIAL DRIVE DURHAM ME 04222
Dennis Andrews	officer: SVP - Regulatory & HR	40 CHERT ROAD ONEONTA AL 35121
Brian A Ross	director	600 TELEPHONE AVE, MS#65, ANCHORAGE AK 99503
Ed Tisdale	officer: SVP - Operations	P.O. BOX 258 NEW GLOUCESTER ME 04260
E. Todd Wessing	officer: VP and GM - Missouri	13869 NORTH HIGHWAY PILOT GROVE MO 65276