Consolidated Edison Inc (ED)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,739,000 | 7,258,000 | 7,985,000 | 6,008,000 | 5,097,000 |
| Inventory | US$ in thousands | 485,000 | 469,000 | 492,000 | 437,000 | 356,000 |
| Inventory turnover | 5.65 | 15.48 | 16.23 | 13.75 | 14.32 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,739,000K ÷ $485,000K
= 5.65
Consolidated Edison Inc's inventory turnover has shown fluctuations over the past five years, ranging from a high of 16.23 in 2022 to a low of 5.65 in 2024. The inventory turnover ratio reflects how many times the company's inventory is sold and replaced within a given period. A higher turnover ratio indicates that the company is efficiently managing its inventory by selling products quickly and restocking efficiently.
In this case, the company experienced a peak in efficiency in 2022 with a turnover ratio of 16.23, suggesting that it was able to sell and replace its inventory more than 16 times during that year. However, there was a significant decline in inventory turnover in 2024, with a ratio of 5.65, indicating a potential slowdown in inventory management efficiency.
Overall, analyzing the inventory turnover ratios provides insights into Consolidated Edison Inc's inventory management practices and can help assess its operational efficiency and financial performance.
Peer comparison
Dec 31, 2024