Edison International (EIX)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 20.64 | 20.31 | 19.48 | 18.39 | 18.26 | 20.01 | 20.94 | 21.95 | 23.42 | 24.23 | 23.93 | 22.71 | 21.88 | 21.96 | 21.68 | 20.66 | 21.10 | 21.85 | 20.78 | 21.60 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | 70.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The inventory turnover ratio for Edison International has shown an increasing trend over the years, starting at 21.60 in March 2020 and reaching 20.64 by December 31, 2023, with fluctuations along the way. However, there was a significant increase to 20.94 by June 30, 2024, followed by a further rise to 20.31 by September 30, 2024, indicating that the company's ability to sell inventory quickly improved during these periods.
The receivables turnover, payables turnover, and working capital turnover ratios are not provided in the data, as they are marked as "not available" ("—"). These ratios could have helped in analyzing the efficiency of the company in collecting receivables, managing payables, and utilizing working capital in generating sales over the specified periods.
Based solely on the inventory turnover ratio data, it can be inferred that Edison International has been effective in managing its inventory levels and converting them into sales during the reporting periods from March 2020 to December 2024, with some fluctuations in the ratio.
Average number of days
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 17.68 | 17.97 | 18.73 | 19.84 | 19.99 | 18.24 | 17.43 | 16.63 | 15.59 | 15.06 | 15.25 | 16.07 | 16.68 | 16.62 | 16.84 | 17.67 | 17.30 | 16.71 | 17.56 | 16.90 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The analysis of Edison International's activity ratios reveals the following trends:
1. Days of Inventory on Hand (DOH):
- The company's DOH has shown a decreasing trend from March 2022 to December 2024, indicating Edison International has been managing its inventory more efficiently during this period.
- The DOH decreased from 16.07 days at March 31, 2022, to 17.68 days at December 31, 2024. This suggests the company has been able to minimize its inventory holding periods.
2. Days of Sales Outstanding (DSO):
- The DSO data for Edison International is reported as "n/a" for all periods, indicating the company's financial statements do not provide information on the average number of days it takes to collect revenue from its sales.
3. Number of Days of Payables:
- Similar to DSO, the data on the number of days of payables is not available for all reporting periods, suggesting the company does not disclose this information in its financial statements.
In summary, while the inventory management efficiency of Edison International improved over the analyzed period, information regarding the collection of receivables and payment of payables is not provided in the financial statements, limiting a comprehensive analysis of the company's working capital management.
Long-term
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 11.14 | 0.32 | 0.32 | 10.41 | 0.31 | 0.32 | 0.31 | 0.29 | 0.29 | 0.28 | 0.28 | 0.28 | 0.29 | 0.27 | 0.27 |
| Total asset turnover | 0.21 | 0.20 | 0.20 | 0.20 | 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 |
The fixed asset turnover ratio of Edison International has shown relatively stable performance over the period under review, ranging from 0.27 to 11.14. This ratio measures how efficiently the company is generating sales from its investment in fixed assets. The sudden spike in the ratio in the later periods could indicate a significant increase in sales relative to fixed assets, which might be attributed to various factors such as improvements in operational efficiency or asset utilization.
On the other hand, the total asset turnover ratio has remained relatively consistent, fluctuating between 0.19 and 0.22. This ratio reflects Edison International's ability to generate sales from its total assets. The stability in this ratio suggests that the company has been maintaining a consistent level of sales relative to its total assets over the period analyzed.
Overall, the analysis of both fixed asset turnover and total asset turnover ratios indicates that Edison International has been effectively utilizing its assets to generate revenue, with some fluctuations observed in the fixed asset turnover ratio in the later periods.