Nextera Energy Inc (NEE)
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 | 11,295,000 | 11,354,000 | 11,406,000 | 10,032,000 | 10,137,000 | 10,438,000 | 10,846,000 | 10,926,000 | 10,817,000 | 10,347,000 | 9,482,000 | 8,885,000 | 8,455,000 | 8,104,000 | 7,844,000 | 7,510,000 | 7,266,000 | 7,410,000 | 7,506,000 | 7,845,000 |
| Inventory | US$ in thousands | 2,214,000 | 2,258,000 | 2,155,000 | 2,131,000 | 2,106,000 | 2,074,000 | 1,931,000 | 1,915,000 | 1,934,000 | 1,791,000 | 1,642,000 | 1,586,000 | 1,561,000 | 1,744,000 | 1,596,000 | 1,604,000 | 1,552,000 | 1,414,000 | 1,367,000 | 1,371,000 |
| Inventory turnover | 5.10 | 5.03 | 5.29 | 4.71 | 4.81 | 5.03 | 5.62 | 5.71 | 5.59 | 5.78 | 5.77 | 5.60 | 5.42 | 4.65 | 4.91 | 4.68 | 4.68 | 5.24 | 5.49 | 5.72 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $11,295,000K ÷ $2,214,000K
= 5.10
Nextera Energy Inc's inventory turnover has shown some fluctuations over the periods provided. The inventory turnover ratio is used to evaluate the efficiency of a company's inventory management in converting its inventory into sales. A higher turnover ratio typically indicates that a company is managing its inventory effectively.
In the case of Nextera Energy Inc, the inventory turnover ratio ranged from a low of 4.68 in December 2020 and March 2021 to a high of 5.78 in September 2022. Generally, a consistent or increasing trend in inventory turnover is desirable as it signifies that the company is efficiently managing its inventory levels and turning them into sales.
The ratio peaked at 5.78 in September 2022 and showed some fluctuations thereafter, hovering mostly between 5.40 and 5.70 until December 2024. These figures suggest that Nextera Energy Inc has been effectively managing its inventory turnover during the period under review.
Overall, Nextera Energy Inc's inventory turnover ratios indicate a reasonably healthy efficiency in managing its inventory levels and converting them into sales over the reported periods. However, it would be beneficial to compare these ratios with industry averages or historical data to gain a more comprehensive understanding of the company's inventory management performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024