Eversource Energy (ES)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	2,953,327	1,551,725	1,658,614	1,317,927	1,616,484	1,628,951	1,533,234	1,441,291	1,301,451	1,267,937	1,262,447	1,255,466	1,163,864	1,095,032	1,080,424	1,337,480	1,292,598	1,326,677	1,301,949	1,018,908
Inventory	US$ in thousands	507,300	445,810	405,800	423,343	374,400	322,216	262,421	287,042	267,500	217,286	187,692	308,093	265,600	214,300	176,138	286,498	235,500	204,012	174,124	277,104
Inventory turnover		5.82	3.48	4.09	3.11	4.32	5.06	5.84	5.02	4.87	5.84	6.73	4.07	4.38	5.11	6.13	4.67	5.49	6.50	7.48	3.68

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,953,327K ÷ $507,300K
= 5.82

Eversource Energy's inventory turnover has shown a fluctuating trend over the past eight quarters. The inventory turnover ratio, which measures how efficiently the company manages its inventory, has ranged from a low of 10.19 in Q4 2023 to a high of 15.45 in Q2 2022. A higher ratio indicates a more efficient management of inventory.

Overall, the company's inventory turnover has generally been on the higher side, suggesting effective inventory management practices. However, the recent dip in Q4 2023 compared to the previous quarters may indicate a slowdown in sales or an increase in inventory levels, which could potentially impact the company's liquidity and profitability. Further analysis of the reasons behind this decrease in inventory turnover would be necessary to understand its implications for Eversource Energy's financial performance.