Vistra Energy Corp (VST)

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	1,429,000	1,442,000	1,408,000	1,379,000	1,330,000	1,267,000	1,213,000	1,223,000	1,189,000	1,163,000	1,434,000	1,380,000	1,466,000	1,452,000	1,159,000	1,134,000	984,000	882,000	829,000	1,038,000
Inventory	US$ in thousands	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	469,000	430,000	476,000	433,000
Inventory turnover		1.93	2.11	2.08	2.19	2.33	2.15	2.02	2.24	1.95	2.47	2.95	2.96	2.85	2.86	2.14	2.21	2.10	2.05	1.74	2.40

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,429,000K ÷ $740,000K
= 1.93

The inventory turnover ratio for Vistra Corp has shown a fluctuating trend over the past eight quarters. The ratio has ranged from 10.21 to 18.25, indicating how many times the company has sold and replaced its inventory during a specific period.

In Q4 2023, the inventory turnover was 10.21, showing a decrease compared to the previous quarter's 12.52. This suggests that the company took longer to sell and replenish its inventory in Q4 2023. However, the ratio has been generally declining since the peak value of 18.25 recorded in Q4 2022.

The highest inventory turnover was observed in Q4 2022, indicating that the company was efficient in managing its inventory during that period. Subsequently, the ratio gradually decreased in the following quarters, but it remains above 10, indicating that the company is still able to turn over its inventory multiple times in a year.

Overall, the fluctuating trend in Vistra Corp's inventory turnover ratio suggests variations in the company's inventory management efficiency and sales performance over the analyzed quarters.