Duke Energy Corporation (DUK)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 565,000 | 15,304,000 | 15,792,000 | 13,002,000 | 12,013,000 |
| Inventory | US$ in thousands | 4,509,000 | 4,292,000 | 3,584,000 | 3,199,000 | 3,167,000 |
| Inventory turnover | 0.13 | 3.57 | 4.41 | 4.06 | 3.79 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $565,000K ÷ $4,509,000K
= 0.13
The inventory turnover ratio for Duke Energy Corporation has shown fluctuations over the past five years. In 2020, the ratio was 3.79, indicating that the company turned over its inventory approximately 3.79 times during that year. The ratio increased to 4.06 in 2021 and further to 4.41 in 2022, suggesting improved efficiency in managing inventory levels.
However, there was a notable decline in inventory turnover to 3.57 in 2023, which may indicate potential challenges in inventory management during that period. The significant drop to 0.13 in 2024 is concerning and suggests a potential issue with inventory management efficiency, possibly due to excess inventory levels or decreased sales.
Overall, Duke Energy Corporation's inventory turnover has shown some positive trends in recent years, but the sharp decline in 2024 requires further investigation to determine the underlying reasons for such a substantial decrease in inventory turnover efficiency.
Peer comparison
Dec 31, 2024