PG&E Corp (PCG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 982,000 | 1,095,000 | 471,000 | 343,000 | 300,000 |
| Inventory | US$ in thousands | 52,000 | 65,000 | 91,000 | 44,000 | 95,000 |
| Inventory turnover | 18.88 | 16.85 | 5.18 | 7.80 | 3.16 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $982,000K ÷ $52,000K
= 18.88
PG&E Corp's inventory turnover has shown a fluctuating trend over the years based on the data provided. In 2020, the inventory turnover was 3.16 times, indicating that the company's inventory was turned over approximately 3.16 times during the year.
Subsequently, there was a significant increase in inventory turnover to 7.80 times by the end of 2021, suggesting an improvement in the efficiency of managing and selling inventory.
In 2022, the inventory turnover ratio decreased to 5.18 times, potentially indicating a slower rate of inventory turnover compared to the previous year.
By the end of 2023, the inventory turnover surged to 16.85 times, reflecting a substantial increase in the efficiency of inventory management and sales processes. This high turnover ratio could suggest a more effective inventory control system or increased sales during that period.
As of 2024, the inventory turnover ratio further improved to 18.88 times, indicating that the company's inventory was turning over nearly 19 times throughout the year. This may signal efficient inventory management and possibly a healthier balance between inventory levels and sales volume.
Overall, the trend in PG&E Corp's inventory turnover ratio showcases varying levels of efficiency in managing its inventory over the years, with notable improvements in certain periods.
Peer comparison
Dec 31, 2024