Lumen Technologies (BSP:L1MN34) Inventory Turnover : 9.61 (As of Sep. 2024)

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What is Lumen Technologies 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. Lumen Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was R$9,370 Mil. Lumen Technologies's Average Total Inventories for the quarter that ended in Sep. 2024 was R$975 Mil. Lumen Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 was 9.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lumen Technologies's Days Inventory for the three months ended in Sep. 2024 was 9.49.

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. Lumen Technologies's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.05.

Lumen Technologies Inventory Turnover Historical Data

The historical data trend for Lumen Technologies'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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Lumen Technologies Inventory Turnover Chart

Lumen Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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83.59

94.65

88.64

46.35

30.95

Lumen Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															8.64	7.94	8.29	9.12	9.61

Lumen Technologies Inventory Turnover Calculation

Lumen Technologies'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 )
=	35004.172	/ (	(1237.914	+	1024.058)	/	2 )
=	35004.172	/	1130.986
=	30.95

Lumen Technologies's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	9369.958	/ (	(991.042	+	958.039)	/	2 )
=	9369.958	/	974.5405
=	9.61

Lumen Technologies (BSP:L1MN34) 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.

Lumen Technologies's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	974.5405	/	9369.958	*	365 / 4
	=	9.49

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.

Lumen Technologies's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	974.5405	/	17837.254
	=	0.05

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.

Lumen Technologies Inventory Turnover Related Terms

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Lumen Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Lumen Technologies Inc (BSP:L1MN34) » Definitions » Inventory Turnover

Comparable Companies

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LUMN:USA LUMN:Mexico 1CYTH:Italy 0HVP:UK CYTH:Germany CYTH:Germany

Address

100 CenturyLink Drive, Monroe, LA, USA, 71203

Website

https://www.lumen.com

With 450,000 route miles of fiber, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 has shifted the company's operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.

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