Exelon Corporation (EXC)

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	5,396,000	5,152,000	5,078,000	5,045,000	5,124,000	5,863,000	6,782,000	7,753,000	9,026,000	9,758,000	9,409,000	8,723,000	7,995,000	7,246,000	7,038,000	7,123,000	11,748,000	17,092,000	21,406,000	24,679,000
Inventory	US$ in thousands	801,000	762,000	710,000	652,000	755,000	757,000	624,000	512,000	1,869,000	1,818,000	1,702,000	1,632,000	1,722,000	1,716,000	1,781,000	1,687,000	1,768,000	1,783,000	1,670,000	1,559,000
Inventory turnover		6.74	6.76	7.15	7.74	6.79	7.75	10.87	15.14	4.83	5.37	5.53	5.34	4.64	4.22	3.95	4.22	6.64	9.59	12.82	15.83

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,396,000K ÷ $801,000K
= 6.74

Exelon Corp.'s inventory turnover has been relatively stable over the past quarters, ranging from 9.63 to 10.29 times per year. A higher inventory turnover ratio generally indicates that the company is efficient in managing its inventory levels and converting them into sales.

In comparison to the previous year's figures, Exelon's inventory turnover has decreased from the exceptionally high levels seen in Q2 and Q1 of 2022. This drop may suggest a change in the company's inventory management strategy or operational efficiency.

Overall, although Exelon's inventory turnover has experienced some fluctuations, it remains within a reasonable range, reflecting adequate control over inventory levels and the ability to sell and restock efficiently.