Due to inventory build up in the second quarter 2024, Duke Energy's inventory turnover ratio sequentially decreased to
1.32 in the second quarter 2024, unsurprisingly, as the Duke Energy markets continue to deteriorate, and DUK's faces growing challenges to bring down its inventories. Duke Energy's average inventory processing period in the Jun 30 2024 quarter, has increased to 277 days, from 268 days, in the Mar 31 2024 quarter.
Within
Utilities sector 67 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the II Quarter 2024, to
774, from total ranking in the first quarter 2024 at
1051.
DUK Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Duke Energy Corporation Market Share?
What is Inventory Turnover Ratio?
| DUK Inventory Turnover Ratio |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Inventory Growth |
7.07 % |
10.76 % |
19.75 % |
18.1 % |
27.81 % |
| Y / Y Cost of Sales Growth |
-4 % |
5.27 % |
-20.04 % |
2.44 % |
-4.98 % |
| Inventory Turnover Ratio (TTM) |
1.32 |
1.36 |
1.37 |
1.53 |
1.59 |
| DUK's Total
Ranking |
# 774 |
# 1051 |
# 601 |
# 601 |
# 840 |
| Average inventory processing period |
276 |
269 |
266 |
238 |
230 |
| Seq. Inventory Growth |
2.55 % |
-0.26 % |
4.23 % |
0.44 % |
6.08 % |
| Seq. Cost of Sales Growth |
-4.28 % |
-8.8 % |
5.88 % |
3.85 % |
4.96 % |
