FirstEnergy Corporation (FE)

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	1,726,000	1,786,000	1,829,000	1,879,000	1,886,000	1,758,000	1,681,000	1,603,000	1,581,000	1,570,000	1,539,000	1,504,000	1,484,000	1,457,000	1,482,000	1,538,000	1,576,000	1,806,000	1,884,000	2,519,000
Inventory	US$ in thousands	512,000	481,000	449,000	457,000	421,000	361,000	304,000	273,000	260,000	245,000	274,000	303,000	317,000	308,000	303,000	285,000	281,000	258,000	261,000	268,000
Inventory turnover		3.37	3.71	4.07	4.11	4.48	4.87	5.53	5.87	6.08	6.41	5.62	4.96	4.68	4.73	4.89	5.40	5.61	7.00	7.22	9.40

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,726,000K ÷ $512,000K
= 3.37

Firstenergy Corp.'s inventory turnover has shown a decreasing trend over the past eight quarters, with values ranging from 9.07 to 13.27. The company's inventory turnover ratio indicates the number of times its inventory was sold and replaced over a specified period. A higher inventory turnover ratio signifies efficient management of inventory levels and faster sales of goods.

The declining trend in inventory turnover may point towards potential issues such as overstocking, slow-moving inventory, or a decrease in sales volume. A falling inventory turnover ratio could lead to higher carrying costs, possible obsolescence, and reduced liquidity.

Further analysis and comparison with industry benchmarks and competitors would provide a more insightful understanding of Firstenergy Corp.'s inventory management efficiency and overall operational performance.