Public Service Enterprise Group Inc (PEG)
Inventory turnover
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,668,000 | 4,939,000 | 4,618,000 | 4,684,000 | 4,829,000 | 4,602,000 | 4,688,000 | 4,854,000 | 7,633,000 | 7,506,000 | 7,090,000 | 6,575,000 | 3,431,000 | 3,083,000 | 3,092,000 | 2,979,000 | 2,959,000 | 2,944,000 | 3,082,000 | 3,353,000 |
| Inventory | US$ in thousands | 892,000 | 907,000 | 825,000 | 759,000 | 686,000 | 645,000 | 592,000 | 540,000 | 505,000 | 484,000 | 471,000 | 448,000 | 449,000 | 612,000 | 609,000 | 601,000 | 608,000 | 597,000 | 595,000 | 587,000 |
| Inventory turnover | 5.23 | 5.45 | 5.60 | 6.17 | 7.04 | 7.13 | 7.92 | 8.99 | 15.11 | 15.51 | 15.05 | 14.68 | 7.64 | 5.04 | 5.08 | 4.96 | 4.87 | 4.93 | 5.18 | 5.71 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,668,000K ÷ $892,000K
= 5.23
Public Service Enterprise Group Inc's inventory turnover has shown fluctuations over the specified period. From December 31, 2019, to December 31, 2023, the turnover ratio ranged from 5.71 to 6.17, indicating that on average, the company sold and replaced its inventory between 5.71 and 6.17 times a year.
However, from March 31, 2024, to December 31, 2024, the inventory turnover decreased steadily from 5.60 to 5.23. This might suggest a potential increase in inventory levels relative to sales during this period.
It is essential to note that a higher inventory turnover ratio generally indicates efficient management of inventory, as the company is selling its stock more frequently. On the other hand, a declining ratio might signify challenges such as overstocking or slowing sales.
The significant increase in inventory turnover from September 30, 2021, to December 31, 2021, reaching a peak of 14.68, followed by consistently high turnover ratios above 7 in the subsequent quarters, indicates a marked improvement in inventory management efficiency during this period.
Overall, analyzing the inventory turnover trend of Public Service Enterprise Group Inc can provide insights into the company's inventory management practices and its ability to convert inventory into sales efficiently.
Peer comparison
Dec 31, 2024
Dec 31, 2024