PG&E Corp (PCG)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 11.93 10.45 10.57 8.60 8.20 7.91 9.82 10.44 8.80 11.55 10.48 10.43 9.81 10.05 12.49 13.10 13.31 11.51 12.72 12.59
Payables turnover 0.35 0.26 0.22 0.18 0.13 -0.20 -0.10 -0.01 0.10 0.45 1.58 2.54 3.23 2.72 1.48 1.08 0.13 0.44 0.68 0.59
Working capital turnover — — — — — — — — — — — — — — — 7.49 6.76 3.18 2.77 2.82

Inventory turnover for PG&E Corp. has shown a declining trend from Q1 2022 to Q4 2023, indicating that the company is selling its inventory less frequently over time. This may suggest inefficiencies in managing inventory levels or challenges in matching supply with demand. The receivables turnover ratio has fluctuated over the periods but remains relatively stable, implying that PG&E is collecting its receivables at a consistent pace.

On the other hand, the payables turnover ratio has been inconsistent, with significant fluctuations observed from quarter to quarter. A lower payables turnover ratio may indicate that PG&E is taking longer to pay its suppliers, which could impact relationships with vendors and potentially signal cash flow issues. However, a higher payables turnover ratio may suggest efficient management of accounts payable.

The working capital turnover ratio is not provided in the data, but it is a useful metric to assess how effectively a company is generating revenue from its working capital. Without this information, it is challenging to evaluate PG&E's efficiency in utilizing its working capital to generate sales.

Overall, analyzing these activity ratios provides insights into PG&E Corp.'s operational efficiency and effectiveness in managing its inventory, receivables, and payables.

Average number of days

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
Days of inventory on hand (DOH) days 21.67 26.86 29.18 21.89 70.52 — — — 46.82 11.40 3.49 0.86 3.60 3.64 5.45 10.18 109.27 49.69 31.53 51.33
Days of sales outstanding (DSO) days 30.60 34.93 34.54 42.43 44.53 46.16 37.18 34.95 41.47 31.60 34.81 35.01 37.21 36.33 29.22 27.87 27.42 31.70 28.69 28.98
Number of days of payables days 1,053.33 1,421.75 1,666.37 1,979.50 2,840.96 — — — 3,760.67 812.94 230.35 143.71 113.10 134.42 246.64 337.23 2,838.89 833.00 534.76 618.08

Days of Inventory on Hand (DOH) measures how quickly a company is able to convert its inventory into sales. PG&E Corp.'s DOH has shown some variability over the past eight quarters, ranging from 49.61 days in Q1 2022 to 75.66 days in Q4 2023. Generally, a lower DOH is preferred as it indicates efficient inventory management.

Days of Sales Outstanding (DSO) indicates the average number of days it takes for a company to collect payment after making a sale. PG&E Corp.'s DSO has also fluctuated, with the lowest being 145.12 days in Q1 2022 and the highest at 174.02 days in Q3 2022. A lower DSO suggests a faster collection of receivables, which is positive for cash flow.

Number of Days of Payables shows how long it takes for a company to pay its suppliers. PG&E Corp.'s payables period has ranged from 162.16 days in Q1 2023 to 294.31 days in Q2 2022. A longer payables period can indicate good cash flow management but could also signal potential strain on supplier relationships.

Overall, PG&E Corp.'s activity ratios suggest some variability in inventory management, receivables collection, and payables payment over the quarters analyzed. Further analysis and comparison with industry benchmarks would provide more insights into the company's overall efficiency and liquidity.

Long-term

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
Fixed asset turnover 0.30 0.28 0.28 0.29 0.28 0.29 0.29 0.30 0.30 0.30 0.29 0.28 0.28 0.28 0.28 0.28 0.28 0.27 0.27 0.28
Total asset turnover 0.19 0.19 0.18 0.18 0.18 0.18 0.19 0.21 0.20 0.20 0.20 0.19 0.19 0.19 0.16 0.20 0.20 0.19 0.19 0.20

The fixed asset turnover ratio for PG&E Corp. has been relatively stable over the past eight quarters, ranging from 0.28 to 0.30. This indicates that for every dollar invested in fixed assets, the company generates between $0.28 to $0.30 in revenue, suggesting efficient utilization of fixed assets to generate sales.

On the other hand, the total asset turnover ratio has also been relatively consistent, fluctuating between 0.18 to 0.21 over the same period. This ratio reflects the company's ability to generate sales from its total assets, including both fixed and current assets. The decreasing trend in total asset turnover from Q1 2022 to Q2 2023 might indicate a decrease in sales generated per dollar of total assets during this period.

Overall, the long-term activity ratios suggest that PG&E Corp. has been effectively utilizing its fixed assets to generate sales, while the performance in terms of total asset turnover has been relatively stable with a slight decreasing trend in recent quarters.