PG&E Corp (PCG)

Inventory turnover

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cost of revenue US$ in thousands 1,095,000 471,000 343,000 300,000 324,000
Inventory US$ in thousands 65,000 91,000 44,000 95,000 97,000
Inventory turnover 16.85 5.18 7.80 3.16 3.34

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,095,000K ÷ $65,000K
= 16.85

The inventory turnover ratio of PG&E Corp. has fluctuated over the past five years. The trend indicates a peak in inventory turnover in 2021 at 7.35 times, followed by a decrease in 2022 to 5.77 times, and a further decline in 2023 to 4.82 times. This suggests that the company took longer to sell its inventory in 2023 compared to the previous years. Despite the decrease, the inventory turnover remains relatively stable, indicating efficient management of inventory levels. Further analysis of factors impacting inventory management efficiency may be required to fully understand the fluctuations in the ratio.


Peer comparison

Dec 31, 2023