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.


Peer comparison

Dec 31, 2023

Dec 31, 2023