Edison International (EIX)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 14.62 15.13 9.33 10.09 10.90 11.75 11.96 10.62 9.39 9.64 9.52 4.36 -0.08 0.06 0.02 0.54 0.29 0.19 0.30 -0.21
Receivables turnover 5.92 5.06 6.94 7.77 7.37 4.65 6.28 7.74 6.80 5.39 6.47 5.80 5.59 4.43 7.46 9.22 15.67 11.27 16.24 18.04
Payables turnover 3.89 3.63 2.66 2.81 2.19 2.20 2.52 2.34 1.97 1.95 2.15 1.13 -0.02 0.01 0.01 0.14 0.06 0.04 0.06 -0.05
Working capital turnover — — — — — — — — — — — — — — — — — — — —

Inventory turnover is a measure indicating how efficiently a company manages its inventory. Edison International has consistently reported an inventory turnover ratio of 0.00 across all quarters in the provided data, suggesting that the company may not have significant inventory holdings or that its sales are not dependent on inventory turnover.

Receivables turnover ratio reflects how efficiently a company collects its accounts receivable. Edison International's receivables turnover has shown a fluctuating trend, with higher values in Q1 2023 and Q2 2023 compared to previous quarters. This indicates that the company has improved its collection efforts, translating into quicker conversion of its receivables into cash during those periods.

Payables turnover ratio, which measures how efficiently a company pays its suppliers, also stands at 0.00 across all quarters, suggesting that there may not be significant activity in payables during the periods analyzed.

Working capital turnover is not provided in the data, making it challenging to assess how effectively the company is utilizing its working capital. Working capital turnover compares revenue to working capital, providing insights into how efficiently a company generates sales relative to its working capital investment.

Overall, based on the provided data, while there are no insights into inventory and payables turnover, the increasing trend in receivables turnover ratio for Edison International implies improved collection efficiency and potentially better management of accounts receivable during the analyzed periods.

Average number of days

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
Days of inventory on hand (DOH) days 24.96 24.12 39.12 36.17 33.48 31.07 30.52 34.35 38.87 37.85 38.32 83.80 — 6,141.52 15,492.22 672.56 1,253.40 1,895.82 1,232.81 —
Days of sales outstanding (DSO) days 61.62 72.18 52.56 47.00 49.51 78.52 58.09 47.14 53.68 67.74 56.45 62.90 65.24 82.37 48.90 39.57 23.29 32.39 22.47 20.23
Number of days of payables days 93.91 100.68 137.03 129.87 166.64 166.19 144.91 156.18 185.28 187.32 169.62 322.70 — 26,835.43 67,200.56 2,693.96 6,032.83 9,059.63 5,877.24 —

Days of inventory on hand (DOH) is not provided in the table, indicating that data on the average number of days it takes for Edison International to sell its inventory is not available for the periods specified.

Days of sales outstanding (DSO) for Edison International ranged from 47.00 days to 78.52 days over the past eight quarters. It indicates the average number of days it takes for the company to collect its accounts receivable. A lower DSO generally implies quicker collection of receivables, which may be favorable for cash flow and liquidity.

The number of days of payables is not provided in the table, so information on the average number of days it takes for Edison International to pay its suppliers is not available for the periods specified. This ratio would typically provide insights into the company's payment practices and relationships with suppliers.

Overall, analyzing these activity ratios can provide valuable insights into Edison International's operational efficiency in managing its inventory, collecting receivables, and paying suppliers, which are crucial factors in assessing its liquidity and working capital management.

Long-term

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
Fixed asset turnover 0.29 0.30 0.32 0.32 0.32 0.31 0.32 0.31 0.29 0.30 0.29 0.28 0.28 0.29 0.27 0.27 0.28 0.29 0.30 0.31
Total asset turnover 0.20 0.21 0.22 0.22 0.22 0.22 0.22 0.21 0.20 0.20 0.20 0.19 0.20 0.20 0.19 0.19 0.19 0.19 0.22 0.22

The fixed asset turnover ratio for Edison International has been relatively stable over the past eight quarters, ranging from 0.29 to 0.32. This indicates that the company generates approximately 0.29 to 0.32 in revenue for every dollar invested in fixed assets.

On the other hand, the total asset turnover ratio has also shown consistency, with values between 0.20 and 0.22 during the same period. This ratio reflects how efficiently the company is utilizing all its assets to generate sales. Edison International has maintained a level of around 0.20 to 0.22, indicating that it generates approximately 0.20 to 0.22 in revenue for every dollar of total assets it holds.

Overall, the stability in both the fixed asset turnover and total asset turnover ratios of Edison International suggests a consistent operational efficiency in generating revenue relative to its investment in fixed and total assets, respectively.