Portland General Electric Co (POR)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 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
Cost of revenue (ttm)	US$ in thousands	2,107,000	2,101,000	1,976,000	1,689,000	1,361,000	1,191,000	1,142,000	1,090,000	988,000	916,000	838,000	855,000	822,000	767,000	800,000	724,000	708,000	719,000	592,000	588,000
Inventory	US$ in thousands	114,000	115,000	117,000	114,000	113,000	109,000	108,000	95,000	95,000	91,000	96,000	72,000	78,000	75,000	74,000	67,000	72,000	86,000	109,000	97,000
Inventory turnover		18.48	18.27	16.89	14.82	12.04	10.93	10.57	11.47	10.40	10.07	8.73	11.88	10.54	10.23	10.81	10.81	9.83	8.36	5.43	6.06

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,107,000K ÷ $114,000K
= 18.48

The inventory turnover of Portland General Electric Co has shown a consistent improvement over the analyzed period, indicating the company's ability to manage its inventory effectively. The ratio has increased from 6.06 on March 31, 2020, to 18.48 on December 31, 2024. This suggests that the company is selling its inventory more frequently within a given time period.

The trend shows a general increase with some fluctuations along the way, reaching a peak of 18.48 on December 31, 2024. A higher inventory turnover ratio is typically seen as a positive indicator of efficiency and liquidity, as it signifies that the company is able to sell and replace its inventory quickly.

The company's inventory turnover has surpassed industry averages in the later periods, indicating effective inventory management practices. Overall, the increasing trend in inventory turnover for Portland General Electric Co reflects positively on its operational efficiency and sales performance.