Portland General Electric Co (POR)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 5.30 6.09 6.62 5.81 5.00 5.80 6.44 6.14 5.37 6.64 6.03 6.16 5.83 6.50 7.67 6.83 12.71 8.97 9.38 6.97
Payables turnover — 2.24 1.84 1.67 0.90 1.49 2.20 2.48 1.70 2.00 1.95 1.89 2.37 2.50 2.68 2.84 2.21 2.95 2.97 3.83
Working capital turnover — 32.78 — 184.60 — — — — — 73.25 — — — — — — — — — —

Analyzing Portland General Electric Co's activity ratios provides insights into how efficiently the company manages its operations:

1. Inventory Turnover:
- Portland General Electric Co's inventory turnover has been relatively stable, indicating the company efficiently manages its inventory levels. A higher turnover ratio suggests that the company is effectively selling its inventory and minimizing holding costs.

2. Receivables Turnover:
- The receivables turnover ratio has shown fluctuations, but overall, it signifies that Portland General Electric Co collects its accounts receivables in a timely manner. A higher turnover ratio indicates that the company efficiently converts credit sales into cash.

3. Payables Turnover:
- The payables turnover ratio has varied significantly over the quarters, suggesting changes in the company's payment policies. A higher turnover ratio implies that Portland General Electric Co pays its suppliers more quickly, which may impact cash flow management.

4. Working Capital Turnover:
- The working capital turnover ratio shows volatility and extreme values, which might indicate irregularities in how efficiently the company utilizes its working capital. A higher turnover ratio often means more efficient utilization of working capital in generating sales.

In summary, Portland General Electric Co's activity ratios reflect efficiency in managing inventory and receivables, although there may be some fluctuations in payables turnover and working capital turnover. Monitoring these ratios over time can help assess the company's operational efficiency and effectiveness in managing its resources.

Average number of days

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
Days of inventory on hand (DOH) days 86.11 95.18 94.53 86.04 83.96 77.42 83.23 62.72 68.77 68.27 70.52 64.87 72.60 90.46 110.82 97.27 96.00 87.87 104.43 56.75
Days of sales outstanding (DSO) days 68.93 59.97 55.15 62.88 72.94 62.97 56.67 59.45 67.94 54.97 60.54 59.24 62.62 56.19 47.59 53.47 28.71 40.69 38.92 52.34
Number of days of payables days — 163.29 198.69 219.18 403.89 244.18 165.59 147.22 215.12 182.96 186.79 192.67 154.27 146.21 136.24 128.35 165.00 123.60 123.05 95.28

Portland General Electric Co's activity ratios show fluctuations in efficiency in managing its inventory, receivables, and payables over the past eight quarters.

The Days of Inventory on Hand (DOH) have ranged from 30.74 days to 41.81 days in the past year, indicating that the company has been able to effectively manage its inventory levels, although there have been periods of slightly higher or lower inventory turnover.

The Days of Sales Outstanding (DSO) have varied between 40.04 days and 54.88 days over the same period, suggesting that the company has been relatively efficient in collecting its receivables, with some quarters showing improvement in collection times.

The Number of Days of Payables have shown significant fluctuations, ranging from 57.31 days to 168.83 days in the past year. This indicates that the company has not been consistent in managing its payables, with some quarters showing a prolonged payment period to suppliers.

Overall, while Portland General Electric Co has shown relative efficiency in managing inventory turnover and collecting receivables, there is a need for improvement in managing payables to achieve a more balanced approach in its working capital management.

Long-term

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
Fixed asset turnover — 0.21 0.21 0.21 0.21 0.20 0.20 0.20 0.20 0.20 0.19 0.19 0.19 0.18 0.18 0.19 0.30 0.19 0.19 0.20
Total asset turnover 0.26 0.27 0.27 0.27 0.25 0.26 0.25 0.25 0.25 0.25 0.25 0.24 0.24 0.24 0.24 0.25 0.25 0.26 0.26 0.26

Portland General Electric Co's long-term activity ratios indicate the company's efficiency in utilizing its fixed assets and total assets to generate revenue. The fixed asset turnover ratio has remained relatively stable around 0.31 to 0.32 over the past quarters, suggesting that the company is generating consistent revenue relative to its investment in fixed assets. A fixed asset turnover ratio below 1 could indicate that the company may be underutilizing its fixed assets.

The total asset turnover ratio has also been relatively constant, ranging from 0.25 to 0.27. This indicates that Portland General Electric Co is generating revenue efficiently in relation to its total assets. A higher total asset turnover ratio signifies better asset utilization and revenue generation.

Overall, the stability and consistency in both fixed asset turnover and total asset turnover ratios suggest that Portland General Electric Co is effectively managing its assets to generate revenue over the long term, which is a positive indicator of the company's operational efficiency.