Essential Utilities Inc (WTRG)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 864,259 | 927,824 | 1,215,640 | 890,842 | 694,356 |
| Inventory | US$ in thousands | 93,930 | 112,667 | 199,735 | 109,560 | 58,401 |
| Inventory turnover | 9.20 | 8.24 | 6.09 | 8.13 | 11.89 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $864,259K ÷ $93,930K
= 9.20
To analyze Essential Utilities Inc's inventory turnover, we observed a declining trend from 11.89 in December 31, 2020, to 6.09 in December 31, 2022. However, there was a slight increase to 8.24 in December 31, 2023, and further improvement to 9.20 by December 31, 2024. The fluctuations in inventory turnover suggest varying efficiency in managing and selling inventory over the years, impacting the company's liquidity and profitability. Further investigation into inventory management practices and operational changes may help identify the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024
Company name
Symbol
Inventory turnover
Essential Utilities Inc
WTRG
9.20
American States Water Company
AWR
13.22
American Water Works
AWK
0.60
California Water Service Group
CWT
2.33
Middlesex Water Company
MSEX
8.54
SJW Group Common Stock
SJW
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