OGE Energy Corporation (OGE)

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	1,567,300	1,675,100	2,001,800	2,197,200	2,235,100	2,123,100	1,765,800	1,565,500	2,647,000	2,540,600	2,410,800	2,342,700	345,000	326,200	343,100	366,400	1,232,400	1,355,800	1,339,900	1,368,100
Inventory	US$ in thousands	158,500	123,600	117,700	128,600	108,800	85,300	80,600	64,300	40,600	146,400	165,100	39,400	36,500	36,500	42,700	45,500	46,300	43,600	47,900	48,300
Inventory turnover		9.89	13.55	17.01	17.09	20.54	24.89	21.91	24.35	65.20	17.35	14.60	59.46	9.45	8.94	8.04	8.05	26.62	31.10	27.97	28.33

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,567,300K ÷ $158,500K
= 9.89

The inventory turnover for Oge Energy Corp. has shown a declining trend over the past eight quarters, decreasing from 6.48 in Q3 2022 to 2.21 in Q4 2023. Generally, a higher inventory turnover ratio is preferred as it indicates that the company is selling its inventory more quickly. However, the decreasing trend in Oge Energy Corp.'s inventory turnover may suggest inefficiencies in managing inventory levels or challenges in selling products. It is essential for the company to closely monitor its inventory levels, purchase patterns, and sales strategies to improve this ratio and optimize its operations.