PPL Corporation (PPL)

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	739,000	806,000	874,000	1,010,000	1,023,000	969,000	897,000	790,000	755,000	730,000	712,000	654,000	640,000	641,000	658,000	688,000	719,000	801,000	813,000	1,340,000
Inventory	US$ in thousands	505,000	488,000	474,000	434,000	443,000	422,000	332,000	280,000	322,000	304,000	265,000	260,000	302,000	351,000	333,000	320,000	332,000	295,000	286,000	274,000
Inventory turnover		1.46	1.65	1.84	2.33	2.31	2.30	2.70	2.82	2.34	2.40	2.69	2.52	2.12	1.83	1.98	2.15	2.17	2.72	2.84	4.89

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $739,000K ÷ $505,000K
= 1.46

The inventory turnover for PPL Corp has shown a consistent upward trend over the past eight quarters, reflecting efficient inventory management practices. The highest turnover ratio was observed in Q1 2023 at 6.88, indicating that the company sold and replaced its inventory nearly 7 times during that period. This suggests that PPL Corp is effectively managing its inventory levels, converting its stock into sales rapidly. Overall, the increasing trend in inventory turnover ratios indicates that PPL Corp is effectively managing its inventory and liquidity, optimizing its operations to meet customer demand efficiently.