PPL (BSP:P1PL34) Inventory Turnover : 2.48 (As of Dec. 2023)

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What is PPL Inventory Turnover?

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. PPL's Cost of Goods Sold for the three months ended in Dec. 2023 was R$6,046 Mil. PPL's Average Total Inventories for the quarter that ended in Dec. 2023 was R$2,442 Mil. PPL's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PPL's Days Inventory for the three months ended in Dec. 2023 was 36.86.

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. PPL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

PPL Inventory Turnover Historical Data

The historical data trend for PPL'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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PPL Inventory Turnover Chart

PPL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.51

9.48

10.29

12.69

10.29

PPL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.57	3.39	2.38	2.50	2.48

PPL Inventory Turnover Calculation

PPL'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 )
=	24675.393	/ (	(2323.712	+	2474.399)	/	2 )
=	24675.393	/	2399.0555
=	10.29

PPL'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 )
=	6046.353	/ (	(2410.086	+	2474.399)	/	2 )
=	6046.353	/	2442.2425
=	2.48

PPL (BSP:P1PL34) 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.

PPL'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
	=	2442.2425	/	6046.353	*	365 / 4
	=	36.86

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.

PPL'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 )
	=	2442.2425	/	9951.494
	=	0.25

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.

PPL Inventory Turnover Related Terms

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PPL (BSP:P1PL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PPL Corp (BSP:P1PL34) » Definitions » Inventory Turnover

Comparable Companies

AEE ES CNP FE CMS DTE ETR WEC AGR EIX NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

PPL:USA PP9:Germany

Address

Two North Ninth Street, Allentown, PA, USA, 18101-1179

Website

https://www.pplweb.com

PPL is a holding company of regulated utilities in Pennsylvania, Kentucky, and Rhode Island. The Pennsylvania regulated delivery and transmission segment distributes electricity to customers in central and eastern Pennsylvania. LG&E and KU are involved in regulated electricity generation, transmission, and distribution in Kentucky. The Kentucky utilities also serve gas customers. Narragansett operates electric and gas utilities in Rhode Island.

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