Portland General Electric Co (POR)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,854,000 | 1,564,000 | 988,000 | 822,000 | 708,000 |
| Inventory | US$ in thousands | 114,000 | 113,000 | 95,000 | 78,000 | 72,000 |
| Inventory turnover | 16.26 | 13.84 | 10.40 | 10.54 | 9.83 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,854,000K ÷ $114,000K
= 16.26
The inventory turnover for Portland General Electric Co has shown a positive trend over the past five years, increasing from 9.83 in December 2020 to 16.26 in December 2024. This indicates that the company has been more efficient in managing its inventory levels and turning over its inventory into sales during this period. A higher inventory turnover ratio generally suggests that the company is effectively managing its inventory by selling goods quickly, which can lead to better cash flow and lower carrying costs. The significant increase in inventory turnover from 2020 to 2024 highlights the company's ability to improve its operational efficiency and optimize its inventory management practices.
Peer comparison
Dec 31, 2024