Dominion Energy Inc (D)

Inventory turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cost of revenue (ttm)	US$ in thousands	4,184,000	5,978,000	6,111,000	6,113,000	6,069,000	3,958,000	3,622,000	3,839,000	3,848,000	3,942,000	5,269,000	5,582,000	6,347,000	6,541,000	5,599,000	5,396,000	5,336,000	5,282,000	4,978,000	4,350,000
Inventory	US$ in thousands	1,281,000	1,633,000	1,826,000	1,746,000	1,528,000	1,766,000	1,584,000	1,512,000	1,631,000	1,593,000	1,538,000	1,476,000	1,550,000	1,565,000	1,735,000	1,677,000	1,616,000	1,800,000	1,724,000	1,657,000
Inventory turnover		3.27	3.66	3.35	3.50	3.97	2.24	2.29	2.54	2.36	2.47	3.43	3.78	4.09	4.18	3.23	3.22	3.30	2.93	2.89	2.63

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,184,000K ÷ $1,281,000K
= 3.27

Dominion Energy Inc's inventory turnover has exhibited some fluctuations over the past eight quarters. The inventory turnover ratio, indicative of how efficiently the company is managing its inventory, ranged from a low of 2.52 in Q4 2023 to a high of 3.54 in Q3 2023.

The general trend indicates an improvement in inventory turnover from Q4 2022 to Q3 2023, with consistent values ranging from 3.10 to 3.54. This could suggest better management of inventory levels during this period.

Overall, Dominion Energy Inc's inventory turnover ratio has been relatively stable, fluctuating between 2.52 and 3.54 over the past eight quarters. Further analysis of industry benchmarks and historical trends could provide additional insights into the company's inventory management efficiency.