Constellation Energy Corp (CEG)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 19,482,000 | 20,714,000 | 17,942,000 |
| Inventory | US$ in thousands | 1,500,000 | 1,505,000 | 1,288,000 |
| Inventory turnover | 12.99 | 13.76 | 13.93 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $19,482,000K ÷ $1,500,000K
= 12.99
Based on the data provided, Constellation Energy Corporation's inventory turnover has been consistently reported as 0.00 for the past four years (ending December 31 of each year). A zero inventory turnover indicates that the company is not effectively managing its inventory levels or is facing challenges in selling its inventory. This could potentially point towards issues such as overstocking, obsolete inventory, or poor sales performance. It is crucial for Constellation Energy Corporation to evaluate and improve its inventory management practices to enhance operational efficiency and profitability.
Peer comparison
Dec 31, 2023