Portland General Electric Co (POR)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	479,000	418,000	417,000	403,000	413,000	429,000	421,000	419,000	414,000	401,000	383,000	377,000	362,000	347,000	359,000	364,000	365,000	378,000	353,000	521,000
Inventory	US$ in thousands	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	96,000	91,000	101,000	81,000
Inventory turnover		4.24	3.83	3.86	4.24	4.35	4.71	4.39	5.82	5.31	5.35	5.18	5.63	5.03	4.03	3.29	3.75	3.80	4.15	3.50	6.43

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $479,000K ÷ $113,000K
= 4.24

The inventory turnover for Portland General Electric Co has been relatively stable over the past eight quarters, ranging from a low of 8.73 in Q2 2022 to a high of 11.88 in Q1 2022. This indicates that the company is efficiently managing its inventory levels and turning over its inventory multiple times within each fiscal year. The average inventory turnover for the periods provided is around 10.67.

A consistently high inventory turnover ratio suggests that Portland General Electric Co is effectively selling its inventory and replenishing it with new stock, which can lead to lower carrying costs and reduced risk of obsolete inventory. This may be a positive indicator of the company's operational efficiency and effective inventory management practices. It is important for investors and stakeholders to continue monitoring the inventory turnover ratio to ensure that the company maintains its efficiency in managing inventory levels.