Evergy, Inc. (EVRG)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,092,800 | 3,349,000 | 3,371,000 | 3,042,000 | 3,013,100 | 2,926,700 | 3,110,500 | 3,241,300 | 3,229,500 | 3,071,800 | 2,775,600 | 2,614,800 | 2,954,900 | 2,921,800 | 2,914,100 | 2,896,800 | 2,525,200 | 2,555,900 | 2,600,300 | 2,642,800 |
| Inventory | US$ in thousands | 867,400 | 818,900 | 806,700 | 800,700 | 776,200 | 739,900 | 729,400 | 724,100 | 672,900 | 615,200 | 636,500 | 612,700 | 566,700 | 545,000 | 538,100 | 492,300 | 504,500 | 512,100 | 520,300 | 498,900 |
| Inventory turnover | 3.57 | 4.09 | 4.18 | 3.80 | 3.88 | 3.96 | 4.26 | 4.48 | 4.80 | 4.99 | 4.36 | 4.27 | 5.21 | 5.36 | 5.42 | 5.88 | 5.01 | 4.99 | 5.00 | 5.30 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,092,800K ÷ $867,400K
= 3.57
Evergy, Inc.'s inventory turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The inventory turnover ratio is a measure of how many times a company's inventory is sold and replaced over a specific period. A higher turnover ratio generally indicates that the company is efficiently managing its inventory levels.
From March 31, 2020, to March 31, 2022, Evergy, Inc.'s inventory turnover gradually increased from 5.30 to 5.88, indicating improved efficiency in managing its inventory levels. However, from June 30, 2022, to December 31, 2024, the inventory turnover ratio showed some fluctuation, ranging from a low of 3.80 to a high of 4.36.
The decreasing trend in the inventory turnover ratio from March 31, 2024, to December 31, 2024, suggests a potential concern regarding the management of inventory levels. A declining ratio may indicate overstocking, slow-moving inventory, or potential obsolescence issues, which could impact the company's profitability and liquidity.
Overall, Evergy, Inc. should closely monitor its inventory turnover ratio to ensure optimal inventory management practices, minimize carrying costs, and improve overall operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024