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