Vistra Energy Corp (VST)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 9,699,000 | 9,490,000 | 9,187,000 | 8,882,000 | 9,259,000 | 10,247,000 | 11,266,000 | 11,943,000 | 12,047,000 | 10,559,000 | 9,155,000 | 8,307,000 | 10,728,000 | 10,715,000 | 10,506,000 | 10,198,000 | 6,794,000 | 6,911,000 | 7,069,000 | 7,137,000 |
| Inventory | US$ in thousands | 970,000 | 949,000 | 964,000 | 976,000 | 740,000 | 685,000 | 676,000 | 629,000 | 570,000 | 590,000 | 601,000 | 546,000 | 610,000 | 471,000 | 486,000 | 467,000 | 515,000 | 508,000 | 541,000 | 514,000 |
| Inventory turnover | 10.00 | 10.00 | 9.53 | 9.10 | 12.51 | 14.96 | 16.67 | 18.99 | 21.14 | 17.90 | 15.23 | 15.21 | 17.59 | 22.75 | 21.62 | 21.84 | 13.19 | 13.60 | 13.07 | 13.89 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,699,000K ÷ $970,000K
= 10.00
The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times the company sells and replaces its inventory within a specific period.
Based on the provided data for Vistra Energy Corp's inventory turnover from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio over time. The inventory turnover ratio ranged from a low of 9.10 in March 31, 2024, to a high of 22.75 on September 30, 2021.
During the earlier periods, the company maintained a relatively stable inventory turnover ratio above 13, indicating that its inventory was turning over efficiently. However, starting from March 31, 2021, there was a significant increase in the ratio, reaching a peak of 22.75 on September 30, 2021, before gradually declining.
The decline in the inventory turnover ratio from September 30, 2021, to December 31, 2024, suggests potential issues in managing inventory efficiently. A decreasing ratio could imply excess inventory levels or challenges in selling existing inventory, leading to reduced inventory turnover.
It is essential for Vistra Energy Corp to analyze the reasons behind the fluctuating inventory turnover ratios and take appropriate measures to optimize inventory levels, streamline operations, and improve efficiency in managing its inventory to ensure sustainable business growth and profitability.
Peer comparison
Dec 31, 2024
Dec 31, 2024