PG&E Corp (PCG)

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	982,000	787,000	937,000	1,026,000	1,095,000	897,000	688,000	567,000	471,000	-736,000	-387,000	-22,000	343,000	1,505,000	4,600,000	7,236,000	9,624,000	9,436,000	5,964,000	2,760,000
Inventory	US$ in thousands	52,000	51,000	56,000	44,000	65,000	66,000	55,000	34,000	91,000	82,000	74,000	29,000	44,000	47,000	44,000	17,000	95,000	94,000	89,000	77,000
Inventory turnover		18.88	15.43	16.73	23.32	16.85	13.59	12.51	16.68	5.18	-8.98	-5.23	-0.76	7.80	32.02	104.55	425.65	101.31	100.38	67.01	35.84

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $982,000K ÷ $52,000K
= 18.88

The inventory turnover ratio for PG&E Corp has exhibited significant fluctuations over the reported periods. It increased steadily from March 31, 2020, to March 31, 2021, reaching a peak of 425.65, indicating that the company efficiently managed its inventory by selling and replenishing it quickly during this period. However, the ratio then decreased sharply for the next few quarters, turning negative at times, suggesting potential issues with inventory management or demand fluctuations.

From March 31, 2023, to December 31, 2024, the inventory turnover ratio ranged between 12.51 and 23.32, indicating a more stabilized inventory management process compared to the extreme values seen in the previous quarters. Overall, the data suggests that PG&E Corp experienced challenges in maintaining a consistent inventory turnover rate, which may have implications for its operational efficiency and financial performance. Further analysis and consideration of the company's strategic initiatives are necessary to understand the underlying reasons for these fluctuations in inventory turnover.