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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. Telephone and Data Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $607 Mil. Telephone and Data Systems's Average Total Inventories for the quarter that ended in Dec. 2023 was $195 Mil. Telephone and Data Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.12.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Telephone and Data Systems's Days Inventory for the three months ended in Dec. 2023 was 29.24.
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. Telephone and Data Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.
The historical data trend for Telephone and Data Systems'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.
Telephone and Data Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 14.65 | 14.58 | 14.89 | 11.50 | 9.81 |
Telephone and Data Systems Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Inventory Turnover | Get a 7-Day Free Trial | 2.55 | 2.20 | 2.34 | 2.86 | 3.12 |
Telephone and Data Systems's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 2334 | / ( | (268 | + | 208) | / | 2 ) |
= | 2334 | / | 238 | ||||
= | 9.81 |
Telephone and Data Systems's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover (Q: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2023 ) | / ( | (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) |
= | 607 | / ( | (181 | + | 208) | / | 2 ) |
= | 607 | / | 194.5 | ||||
= | 3.12 |
* 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.
Telephone and Data Systems (NYSE:TDS) 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.
Telephone and Data Systems's Days Inventory for the three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 194.5 | / | 607 | * | 365 / 4 | |
= | 29.24 |
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.
Telephone and Data Systems's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 194.5 | / | 1312 | |
= | 0.15 |
* 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.
Thank you for viewing the detailed overview of Telephone and Data Systems's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Clarence A Davis | director | ONEIDA LTD., 163-181 KENWOOD AVENUE, ONEIDA NY 13421 |
Vicki L Villacrez | officer: Executive Vice President & CFO | 30 N. LASALLE STREET, SUITE 4000, CHICAGO IL 60602 |
Dirk S Woessner | director | 30 N. LASALLE STREET, SUITE 4000, CHICAGO IL 60602 |
Kurt B Thaus | officer: Senior VP - CIO | 30 N LASALLE STREET STE 4000, CHICAGO IL 60602 |
Prudence E Carlson | director | 30 N LASALLE STREET SUITE 4000, CHICAGO IL 60602 |
Joseph R Hanley | officer: VP Technology Planning Service | 535 JUNCTION ROAD, MADISON WI 53717 |
Gary L Sugarman | director | C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686 |
Laurent C Therivel | director, officer: President of a Subsidiary | 8410 W. BRYN MAWR STREET, CHICAGO IL 60631 |
Mizuho Securities Usa Llc | other: See Remarks | 1271 AVENUE OF THE AMERICAS, FLOORS - 2,3,4,18,19, NEW YORK NY 10020 |
Wade Oosterman | director | C/O INGRAM MICRO INC., 1600 E. ST. ANDREW PLACE, SANTA ANA CA 92705 |
Anita J Kroll | officer: VP, Controller & CAO | 30 N. LASALLE STREET, SUITE 4000, CHICAGO IL 60602 |
Scott H Williamson | officer: Senior Vice President | C/O TDS INC, 30 N. LASALLE ST #4000, CHICAGO IL 60602 |
Mitchell H Saranow | director | C/O METZLER GROUP INC, 520 LAKE COOK ROAD SUITE 500, DEERFIELD IL 60015 |
Kenneth R Meyers | director, officer: Executive Vice President & CFO | |
James W Butman | officer: President & CEO of subsidiary | 30 N. LASALLE STREET, STE. 4000, CHICAGO IL 60602 |
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