Exelon Corporation (EXC)

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 6.52 6.46 6.66 6.88 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
Receivables turnover 6.13 6.26 6.13 6.19 6.44 6.32 6.53 5.72 5.33 5.40 5.86 6.01 3.50 4.72 5.79 6.09 7.02 7.75 7.75 6.26
Payables turnover — — — — — — — 1.83 1.52 2.18 2.77 3.56 3.79 2.64 2.65 2.54 2.24 2.28 2.31 2.47
Working capital turnover — 35.88 80.68 93.70 — — — — — — — — — — — — — 31.68 22.71 48.02

The Inventory turnover ratio for Exelon Corporation has shown a fluctuating trend over the past few years, ranging from a low of 3.95 in June 2020 to a high of 15.14 in March 2022. This indicates the company's ability to efficiently manage its inventory levels and convert them into sales.

In terms of Receivables turnover, Exelon's performance has also varied, with a noticeable decline from 7.75 in September 2020 to 3.50 in December 2021. However, there has been a gradual recovery since then, reaching 6.13 by June 2024. This ratio reflects how quickly the company collects payments from its customers.

The Payables turnover ratio has exhibited a generally declining trend, indicating that Exelon is taking longer to pay its suppliers. The ratio dropped from 2.65 in June 2021 to 1.52 in December 2022. Moreover, there is missing data for the latter part of the timeframe, which makes it challenging to assess recent performance accurately.

Regarding the Working Capital turnover, the data is incomplete for the latter years, but it can be observed that there were significant fluctuations in this ratio. The peak value of 93.70 in March 2024 suggests that Exelon efficiently utilized its working capital to generate revenue during that period.

Overall, Exelon Corporation's activity ratios reflect varying levels of efficiency in managing its inventory, receivables, payables, and working capital over the analyzed period. Attention should be paid to the declining trend in payables turnover and the incomplete data for working capital turnover for a comprehensive assessment of the company's operational performance.

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 55.96 56.54 54.80 53.05 54.18 53.98 51.03 47.17 53.78 47.13 33.58 24.10 75.58 68.00 66.03 68.29 78.62 86.44 92.37 86.45
Days of sales outstanding (DSO) days 59.50 58.27 59.50 58.92 56.64 57.79 55.91 63.82 68.48 67.54 62.30 60.68 104.30 77.25 63.04 59.98 51.96 47.10 47.10 58.27
Number of days of payables days — — — — — — — 199.83 240.91 167.65 131.91 102.40 96.20 138.17 137.60 143.52 162.62 160.29 158.02 147.73

Exelon Corporation's activity ratios indicate the efficiency of its management of inventory, receivables, and payables.

1. Days of inventory on hand (DOH) decreased from 86.45 days on March 31, 2020, to 55.96 days on December 31, 2024. This indicates that the company is managing its inventory more efficiently, possibly through better inventory control or demand forecasting.

2. Days of sales outstanding (DSO) ranged from 47.10 days on June 30, 2020, to 104.30 days on December 31, 2021. The fluctuation suggests potential challenges in collecting receivables efficiently, especially in the latest period. The decreasing trend in DSO since December 2021 is a positive sign of improved receivables management.

3. The number of days of payables ranged from 96.20 days on December 31, 2021, to 240.91 days on December 31, 2022. The significant increase in payables days in 2022 may indicate a strategy to extend payment terms to suppliers or potential liquidity issues. The absence of data for payables in the last few periods raises concerns about the company's ability to manage its payables effectively.

Overall, Exelon Corporation has shown improvements in inventory management and accounts receivable collection efficiency over the periods analyzed. However, the increase in payables days in 2022 and the missing data for subsequent periods suggest a need for further monitoring of the company's working capital management practices.

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 0.29 0.30 0.30 0.30 0.30 0.29 0.28 0.28 0.28 0.28 0.28 0.28 0.28 0.27 0.32 0.35 0.40 0.40 0.41 0.42
Total asset turnover 0.21 0.22 0.22 0.22 0.21 0.21 0.20 0.20 0.20 0.20 0.20 0.20 0.13 0.17 0.20 0.23 0.26 0.26 0.26 0.27

Exelon Corporation's Long-Term Activity Ratios show a declining trend over the years. The Fixed Asset Turnover ratio has decreased from 0.42 in March 2020 to 0.29 in December 2024. This indicates a decreasing efficiency in generating sales revenue from the company's fixed assets over the period.

Similarly, the Total Asset Turnover ratio has also decreased from 0.27 in March 2020 to 0.21 in December 2024. This decline suggests a reduction in the overall efficiency of Exelon Corporation in generating sales revenue from its total assets during the same period.

Overall, the declining trend in both Fixed Asset Turnover and Total Asset Turnover ratios indicates a potential inefficiency in utilizing assets effectively to generate revenue, which may require management attention to improve operational efficiency and asset utilization.