Alliant Energy Corp (LNT)

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	1,394,000	1,393,000	1,394,000	1,387,000	1,376,000	1,350,000	1,336,000	1,321,000	1,313,000	1,302,000	1,279,000	1,218,500	1,192,000	1,174,600	1,160,800	1,193,600	1,407,000	1,609,800	1,820,600	2,018,800
Inventory	US$ in thousands	343,000	327,000	305,000	282,000	325,000	299,000	240,000	185,000	246,000	218,000	208,000	204,000	217,000	223,000	221,800	220,600	227,300	224,100	205,800	168,000
Inventory turnover		4.06	4.26	4.57	4.92	4.23	4.52	5.57	7.14	5.34	5.97	6.15	5.97	5.49	5.27	5.23	5.41	6.19	7.18	8.85	12.02

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,394,000K ÷ $343,000K
= 4.06

Inventory turnover is a key financial ratio that measures the efficiency of a company in managing its inventory. It indicates how many times a company's inventory is sold and replaced over a specific period.

Analyzing Alliant Energy Corp.'s inventory turnover from Q1 2022 to Q4 2023 shows a declining trend over the period. In Q1 2022, the inventory turnover was 8.35, indicating that the company sold and replaced its inventory 8.35 times during that quarter. However, this ratio decreased steadily to 4.72 in Q4 2023, implying that the company was turning over its inventory less frequently.

A decreasing trend in inventory turnover could suggest potential issues such as overstocking, slow sales, or ineffective inventory management. It may also point to changes in customer demand, production issues, or supply chain disruptions impacting the company's ability to efficiently manage its inventory.

Further analysis and comparison with industry benchmarks or Alliant Energy Corp.'s historical data would provide more insight into the reasons behind the trend and help identify areas for improvement in inventory management practices.