Dominion Energy Inc (D)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 7,537,000 | 7,435,000 | 7,561,000 | 6,007,000 | 6,870,000 |
| Inventory | US$ in thousands | 1,764,000 | 1,698,000 | 1,729,000 | 1,631,000 | 1,550,000 |
| Inventory turnover | 4.27 | 4.38 | 4.37 | 3.68 | 4.43 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $7,537,000K ÷ $1,764,000K
= 4.27
The inventory turnover ratio for Dominion Energy Inc has shown some fluctuations over the past five years.
In December 2020, the inventory turnover stood at 4.43, indicating that the company sold and replaced its inventory approximately 4.43 times during the year.
By December 2021, the ratio decreased to 3.68, suggesting a decrease in the efficiency of inventory management, as the company took longer to sell and replace its inventory.
However, the ratio improved in the following years, reaching 4.37 by the end of 2022 and maintaining a relatively stable level of around 4.38 in 2023 and 4.27 in 2024.
Overall, Dominion Energy Inc's inventory turnover ratios reflect varying levels of efficiency in managing its inventory, with a general trend towards improvement in recent years.
Peer comparison
Dec 31, 2024