Public Service Enterprise Group Inc (PEG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 4,591,000 | 4,685,000 | 4,876,000 | 7,311,000 | 3,061,000 |
| Inventory | US$ in thousands | 892,000 | 759,000 | 540,000 | 448,000 | 601,000 |
| Inventory turnover | 5.15 | 6.17 | 9.03 | 16.32 | 5.09 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $4,591,000K ÷ $892,000K
= 5.15
Public Service Enterprise Group Inc's inventory turnover has shown variations over the past five years. The inventory turnover ratio increased significantly from 5.09 in December 2020 to 16.32 in December 2021, indicating a rapid turnover of inventory during that period. However, the ratio then decreased to 9.03 in December 2022, suggesting a slower turnover rate. In the following years, the inventory turnover continued to fluctuate, reaching 6.17 in December 2023 and then slightly increasing to 5.15 in December 2024.
Overall, the inventory turnover ratios demonstrate that Public Service Enterprise Group Inc has managed its inventory efficiently, with varying degrees of effectiveness in different years. The company may need to closely monitor its inventory management practices to ensure optimal turnover rates and avoid excessive holding costs or shortages.
Peer comparison
Dec 31, 2024