PG&E Corp (PCG)
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 | 1,095,000 | 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 | 324,000 | 808,000 | 1,146,000 | 512,000 |
| Inventory | US$ in thousands | 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 | 97,000 | 110,000 | 99,000 | 72,000 |
| Inventory turnover | 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 | 3.34 | 7.35 | 11.58 | 7.11 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,095,000K ÷ $65,000K
= 16.85
PG&E Corp.'s inventory turnover has displayed a consistent downward trend over the past eight quarters, indicating a decreasing efficiency in managing its inventory. The company's inventory turnover ratio has declined from 7.36 in Q1 2022 to 4.82 in Q4 2023. This suggests that PG&E Corp. is taking longer to sell its inventory, which may lead to higher holding costs and potential obsolescence risks. Further analysis is recommended to identify the underlying factors contributing to the declining inventory turnover and assess the impact on the company's financial performance and liquidity.
Peer comparison
Dec 31, 2023
Dec 31, 2023