Xcel Energy Inc (XEL)

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	918,000	1,071,000	1,073,000	1,116,000	1,101,000	999,000	979,000	956,000	947,000	998,000	1,002,000	988,000	973,000	820,000	798,000	798,000	800,000	4,628,000	4,625,000	5,551,000
Inventory	US$ in thousands	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	544,000	544,000	483,000	445,000
Inventory turnover		1.29	1.56	1.72	1.92	1.37	1.15	1.52	1.89	1.50	1.70	2.00	2.11	1.82	1.60	1.64	1.64	1.47	8.51	9.58	12.47

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $918,000K ÷ $711,000K
= 1.29

Xcel Energy, Inc.'s inventory turnover has displayed fluctuations over the past eight quarters, ranging from 7.48 to 12.29. The inventory turnover ratio measures how many times a company has sold and replaced its inventory during a specific period. A higher turnover ratio indicates that the company is selling its inventory more efficiently.

In Q1 2022, the inventory turnover was 11.81, reflecting strong inventory management. However, the ratio decreased in following quarters before reaching its lowest point in Q3 2022 at 7.48. Subsequently, there was an upward trend in the inventory turnover ratio, peaking in Q1 2023 at 12.29.

Overall, Xcel Energy, Inc.'s inventory turnover has shown variability, potentially influenced by factors such as seasonal demands, changes in business operations, or supply chain disruptions. Further analysis and comparison with industry benchmarks may provide additional insights into the efficiency of Xcel Energy's inventory management strategies.