Edison International (EIX)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Inventory turnover | 0.09 | 0.09 | 0.09 | -0.41 | 0.29 |
| Receivables turnover | 5.92 | 7.37 | 6.80 | 5.59 | 15.67 |
| Payables turnover | 0.02 | 0.02 | 0.02 | -0.08 | 0.06 |
| Working capital turnover | — | — | — | — | — |
Inventory turnover for Edison International has consistently been reported as 0.00 for the past 5 years, indicating that the company is not efficiently managing its inventory levels or is not generating significant sales relative to its inventory holdings.
Receivables turnover for the company has fluctuated over the past five years, with a decreasing trend from 8.86 in 2019 to 5.92 in 2023. This suggests that Edison International is taking longer to collect payments from its customers, which may indicate issues with credit policies, customer payment behavior, or industry-specific factors affecting receivables turnover.
Payables turnover has been reported as 0.00 for the past five years, implying that the company may not have significant payables or is not efficiently managing its payment processes with suppliers.
Working capital turnover is not provided in the data, suggesting that it may not be a key ratio that the company focuses on or discloses in its financial statements.
Overall, the analysis of activity ratios for Edison International indicates potential inefficiencies in managing inventory, collection of receivables, and payables turnover. Investors and stakeholders may want to monitor these ratios closely to assess the company's operational efficiency and liquidity management practices.
Average number of days
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 4,092.66 | 4,119.29 | 3,930.77 | — | 1,241.68 |
| Days of sales outstanding (DSO) | days | 61.62 | 49.51 | 53.68 | 65.24 | 23.29 |
| Number of days of payables | days | 15,399.89 | 20,500.83 | 18,736.67 | — | 5,976.45 |
Days of Inventory on Hand (DOH) is not provided in the table, so we can't analyze Edison International's efficiency in managing its inventory levels.
Days of Sales Outstanding (DSO) for Edison International has been fluctuating over the years. In 2023, the DSO increased to 61.62 days from 49.51 days in 2022, indicating that it takes longer for the company to collect its accounts receivable. This increase may suggest potential issues with credit policies or collection processes.
The Number of Days of Payables information is not available in the table, hence we cannot assess how long it takes for Edison International to pay its suppliers.
Overall, the analysis of activity ratios for Edison International based on the available data indicates some fluctuations in the efficiency of managing receivables but lacks insight into inventory and payables management. Further information on inventory and payables turnover would provide a more comprehensive view of the company's operational efficiency.
Long-term
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Fixed asset turnover | 0.29 | 0.32 | 0.29 | 0.28 | 0.28 |
| Total asset turnover | 0.20 | 0.22 | 0.20 | 0.20 | 0.19 |
Edison International's long-term activity ratios, specifically the fixed asset turnover and total asset turnover, have shown relatively stable trends over the past five years. The fixed asset turnover ratio has ranged between 0.28 and 0.32, indicating that for each dollar invested in fixed assets, the company generates between $0.28 and $0.32 in revenue. This suggests that Edison International may be efficiently utilizing its fixed assets to generate sales revenue.
On the other hand, the total asset turnover ratio has ranged between 0.19 and 0.22, reflecting how effectively the company is generating sales from its total assets. The consistent performance around 0.20 indicates that Edison International's total asset base has been utilized steadily to generate revenue over the years.
Overall, Edison International's long-term activity ratios suggest that the company is managing its assets efficiently to generate revenue, particularly in terms of fixed asset turnover. The stable trends in these ratios indicate a consistent approach to asset utilization and revenue generation over the years.