Dominion Energy (Dominion Energy) Inventory Turnover

: 1.08 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Dominion Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,806 Mil. Dominion Energy's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,666 Mil. Dominion Energy's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dominion Energy's Days Inventory for the three months ended in Dec. 2023 was 84.15.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Dominion Energy's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Dominion Energy Inventory Turnover Historical Data

The historical data trend for Dominion Energy's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dominion Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.49

4.34

3.78

4.79

4.61

Dominion Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.20	1.66	1.18	1.13	1.08

Dominion Energy Inventory Turnover Calculation

Dominion Energy's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	7435	/ (	(1528	+	1698)	/	2 )
=	7435	/	1613
=	4.61

Dominion Energy's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1806	/ (	(1633	+	1698)	/	2 )
=	1806	/	1665.5
=	1.08

Dominion Energy (NYSE:D) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Dominion Energy's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1665.5	/	1806	*	365 / 4
	=	84.15

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Dominion Energy's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1665.5	/	3534
	=	0.47

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Dominion Energy Inventory Turnover Related Terms

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Dominion Energy (Dominion Energy) Business Description

Industry

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Traded in Other Exchanges

1D:Italy DOD:Germany DOD:Germany D1OM34:Brazil

Address

120 Tredegar Street, Richmond, VA, USA, 23219

Website

https://www.dominionenergy.com

Based in Richmond, Virginia, Dominion Energy is an integrated energy company with over 30 gigawatts of electric generation capacity and more than 90,000 miles of electric transmission and distribution lines. Dominion is constructing a rate-regulated 5.2 GW wind farm off the Virginia Beach coast.

Executives

Diane Leopold	other: President - Dominion Energy	120 TREDEGAR STREET, RICHMOND VA 23219
Susan N Story	director	ONE ENERGY PLACE, PENSCOLA FL 32520
Steven D Ridge	officer: SVP & CFO	120 TREDEGAR STREET, RICHMOND VA 23219
Kristin G Lovejoy	director	120 TREDEGAR STREET, RICHMOND VA 23219
Robert M Blue	officer: Senior Vice President	120 TREDEGAR STREET, RICHMOND VA 23219
William Keller Kissam	officer: President - Dominion Energy SC	DOMINION ENERGY, 120 TREDEGAR STREET, RICHMOND VA 23219
James R. Chapman	officer: SVP, CFO & Treasurer	120 TREDEGAR STREET, RICHMOND VA 23219
Mark J Kington	director	100 TREDEGAR STREET, RICHMOND VA 23219
Farrell Thomas F Ii	officer: Executive Vice President	P O BOX 26532, RICHOMOND VA 23261
Edward H Baine	officer: President - Dominion Energy VA	600 CANAL PLACE, RICHMOND VA 23219
Donald R. Raikes	officer: President - Gas Distribution	120 TREDEGAR STREET, RICHMOND VA 23219
Paul E Ruppert	officer: President-Gas Trans & Storage	5000 DOMINION BOULEVARD, GLEN ALLEN VA 23060
Daniel G. Stoddard	officer: SVP and Chief Nuclear Officer	5000 DOMINION BOULEVARD, GLEN ALLEN VA 23060
Michael E Szymanczyk	director	DOMINION RESOURCES, INC., 100 TREDEGAR STREET, RICHMOND VA 23219
Joseph M Rigby	director	SOUTH JERSEY INDUSTRIES, 1 SOUTH JERSEY PLAZA, FOLSOM NJ 08037