Xcel Energy Inc (XEL)

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 9,616,000 10,410,000 9,687,000 9,101,000 8,939,000 8,998,000 9,439,000 9,657,000 9,450,000 8,912,000 8,495,000 8,312,000 8,173,000 7,816,000 7,566,000 7,169,000 6,562,000 6,460,000 6,431,000 6,475,000
Inventory US$ in thousands 666,000 638,000 622,000 623,000 711,000 688,000 625,000 580,000 803,000 870,000 645,000 505,000 631,000 587,000 500,000 469,000 535,000 512,000 487,000 488,000
Inventory turnover 14.44 16.32 15.57 14.61 12.57 13.08 15.10 16.65 11.77 10.24 13.17 16.46 12.95 13.32 15.13 15.29 12.27 12.62 13.21 13.27

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $9,616,000K ÷ $666,000K
= 14.44

The inventory turnover ratio of Xcel Energy Inc has shown fluctuations over the reported periods. The ratio measures how efficiently the company is managing its inventory by indicating how many times it sells and replaces its inventory in a given time frame.

From March 2020 to December 2022, the inventory turnover ratio ranged from 10.24 to 16.46, showing some variability. The ratio peaked at 16.65 in March 2023, indicating that the company was able to turn over its inventory more frequently during that period.

Overall, the trend in the inventory turnover ratio has been relatively stable with some fluctuations. It is important to monitor changes in the ratio over time to assess the efficiency of Xcel Energy Inc in managing its inventory levels and sales processes.