Edison International (EIX)

Short-term

Turnover ratios

Based on the provided data, we can analyze the activity ratios of Edison International as follows:

1. Inventory Turnover:
- The inventory turnover ratio indicates how efficiently the company is managing its inventory.
- The trend shows a consistent increase from 21.09 in 2020 to 19.30 in 2024. This indicates that the company is selling its inventory more quickly over the years, which is generally a positive indication of efficient inventory management.

2. Receivables Turnover:
- The receivables turnover ratio measures how well a company is collecting its accounts receivable during a specific period.
- The data provided shows that the receivables turnover ratio is not available for any of the years, indicating that specific information about the company's accounts receivable turnover is not provided. Without this data, it is challenging to assess the efficiency of the company in collecting its receivables.

3. Payables Turnover:
- The payables turnover ratio assesses how efficiently a company is managing its accounts payable by comparing the cost of goods sold to average accounts payable balance.
- Similar to the receivables turnover ratio, the payables turnover ratio is not available for any of the years provided. This limits our ability to evaluate how quickly the company is paying its suppliers.

4. Working Capital Turnover:
- The working capital turnover ratio compares net sales with average working capital to assess how efficiently a company is utilizing its working capital to generate revenue.
- The data indicates that the working capital turnover ratio is not available for any of the years provided, which hinders our ability to evaluate the company's effectiveness in using its working capital to generate sales.

In summary, while the inventory turnover ratio shows a positive trend suggesting efficient inventory management, the lack of data for receivables turnover, payables turnover, and working capital turnover ratios limits a comprehensive assessment of Edison International's overall activity and efficiency in managing its working capital and cash flow.

---

Average number of days

Edison International's activity ratios, specifically the Days of Inventory on Hand (DOH), have shown a slight decreasing trend over the years. The company had 17.31 days of inventory on hand at the end of December 2020, which decreased to 16.69 days by the end of December 2021 and further decreased to 15.59 days by the end of December 2022. However, there was a slight increase in the DOH to 19.99 days by the end of December 2023 and then a decrease to 18.92 days by the end of December 2024.

The Days of Sales Outstanding (DSO) and Number of Days of Payables data is not available, indicating that specific figures related to sales collection and payment periods are not provided in the dataset. Without this information, it is challenging to analyze the efficiency of Edison International in collecting receivables and managing payables.

Overall, the decreasing trend in the Days of Inventory on Hand suggests some improvement in inventory management efficiency for Edison International. However, further analysis incorporating sales collection and payables data would provide a more comprehensive assessment of the company's overall activity ratios and efficiency in managing its working capital.

---

Long-term

Edison International's fixed asset turnover ratio has shown a gradual increase over the years, from 0.28 in 2020 to 0.29 in 2021, and then a significant jump to 10.41 in 2022. However, there is missing data for 2023 and 2024. This indicates that the company has become more efficient in generating revenue from its fixed assets, especially in 2022.

On the other hand, the total asset turnover ratio has been relatively stable, hovering around 0.20 in 2020, 2021, and 2023, with a slight increase to 0.22 in 2022, before experiencing a significant surge to 0.80 in 2024. This suggests that the company is effectively utilizing its total assets to generate sales, with the most notable improvement seen in 2024.

Overall, Edison International's long-term activity ratios indicate improvements in asset utilization and efficiency, particularly in generating revenue from fixed assets, although the missing data for 2023 and 2024 limits a comprehensive analysis of the trend.