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