Vistra Energy Corp (VST)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,489,000 | 1,393,000 | 1,246,000 | 1,530,000 | 1,058,000 |
| Inventory | US$ in thousands | 740,000 | 570,000 | 610,000 | 515,000 | 469,000 |
| Inventory turnover | 2.01 | 2.44 | 2.04 | 2.97 | 2.26 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,489,000K ÷ $740,000K
= 2.01
The inventory turnover ratio for Vistra Corp has been fluctuating over the past five years. In 2023, the inventory turnover ratio was 10.21, indicating that the company sells and replaces its inventory approximately 10.21 times during the year. This represents a decrease from the previous year (18.25 in 2022) but is still higher than the ratios in 2020 and 2019, suggesting a higher efficiency in managing and selling inventory. Overall, the trend over the five-year period shows some variability but generally reflects a satisfactory turnover of inventory, which is a positive indicator of operational efficiency and liquidity management.
Peer comparison
Dec 31, 2023