Duke Energy Corporation (DUK)
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 | 7,122,000 | 7,309,000 | 7,304,000 | 7,290,000 | 7,601,000 | 7,818,000 | 7,923,000 | 7,938,000 | 7,590,000 | 13,992,000 | 13,714,000 | 13,517,000 | 13,415,000 | 8,572,000 | 8,532,000 | 8,498,000 | 8,563,000 | 4,745,000 | 4,725,000 | 4,748,000 |
| Inventory | US$ in thousands | 8,584,000 | 4,118,000 | 4,100,000 | 7,730,000 | 7,168,000 | 3,487,000 | 3,208,000 | 3,171,000 | 6,398,000 | 2,900,000 | 3,015,000 | 3,076,000 | 6,334,000 | 3,190,000 | 3,289,000 | 3,324,000 | 6,464,000 | 3,107,000 | 3,189,000 | 3,102,000 |
| Inventory turnover | 0.83 | 1.77 | 1.78 | 0.94 | 1.06 | 2.24 | 2.47 | 2.50 | 1.19 | 4.82 | 4.55 | 4.39 | 2.12 | 2.69 | 2.59 | 2.56 | 1.32 | 1.53 | 1.48 | 1.53 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $7,122,000K ÷ $8,584,000K
= 0.83
Duke Energy Corp.'s inventory turnover ratio has exhibited a relatively stable trend over the past eight quarters. The company's inventory turnover ratio ranged from a low of 2.26 in Q4 2023 to a high of 2.81 in Q4 2022. This indicates that, on average, Duke Energy Corp. sold its inventory approximately 2.48 times per year over the period analyzed.
A decreasing trend from the previous year's performance is evident, as the inventory turnover ratio declined steadily from Q4 2022 to Q4 2023. This may suggest that Duke Energy Corp. is taking longer to sell its inventory, which could potentially lead to issues such as excess inventory levels or slow-moving products.
However, it is important to note that the inventory turnover ratios have remained within a relatively narrow range, indicating a consistent management of inventory levels. Further analysis of the company's operational efficiency and inventory management practices may be necessary to fully understand the implications of this trend on Duke Energy Corp.'s overall performance.
Peer comparison
Dec 31, 2023
Dec 31, 2023