Duke Energy Corporation (DUK)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 11,880,000 | 15,465,000 | 16,807,000 | 15,265,000 | 15,304,000 | 15,578,000 | 14,340,000 | 13,008,000 | 11,321,000 | 10,828,000 | 11,436,000 | 12,179,000 | 13,002,000 | 12,664,000 | 12,578,000 | 12,435,000 | 12,299,000 | 12,589,000 | 12,759,000 | 13,149,000 |
| Inventory | US$ in thousands | 4,509,000 | 4,338,000 | 4,390,000 | 4,281,000 | 4,292,000 | 4,118,000 | 4,100,000 | 3,865,000 | 3,584,000 | 3,487,000 | 3,208,000 | 3,171,000 | 3,111,000 | 2,900,000 | 3,015,000 | 3,076,000 | 3,167,000 | 3,190,000 | 3,289,000 | 3,324,000 |
| Inventory turnover | 2.63 | 3.57 | 3.83 | 3.57 | 3.57 | 3.78 | 3.50 | 3.37 | 3.16 | 3.11 | 3.56 | 3.84 | 4.18 | 4.37 | 4.17 | 4.04 | 3.88 | 3.95 | 3.88 | 3.96 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $11,880,000K ÷ $4,509,000K
= 2.63
The inventory turnover ratio for Duke Energy Corporation over the past few years has exhibited some fluctuations. The inventory turnover ratio indicates the number of times a company sells and replaces its inventory during a specific period. A higher inventory turnover ratio is generally preferred as it suggests efficient inventory management.
From March 31, 2020, to December 31, 2021, the inventory turnover ratio showed a generally increasing trend, reaching a peak of 4.37 on September 30, 2021, indicating that Duke Energy was managing its inventory effectively during this period.
However, from March 31, 2022, to December 31, 2024, the inventory turnover ratio experienced a decline, dropping to a low of 2.63 on December 31, 2024. This decrease may imply that Duke Energy was holding onto its inventory for a longer duration or faced challenges in selling its products efficiently during this period.
It is essential for Duke Energy to monitor its inventory turnover ratio closely and take appropriate measures to optimize its inventory management processes to improve efficiency and maintain a healthy balance between carrying costs and stockouts.
Peer comparison
Dec 31, 2024
Dec 31, 2024