Ameren Corp (AEE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.19 | 3.30 | 3.48 | 3.73 | 4.69 | |
| DOH | days | 114.29 | 110.61 | 104.84 | 97.77 | 77.79 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.19
= 114.29
The Days of Inventory on Hand (DOH) for Ameren Corp. has shown significant fluctuations over the past five years. In 2019 and 2020, the company had high DOH figures of 165.27 days and 189.60 days respectively, indicating a longer time period required to sell off its inventory.
However, in 2021, the DOH decreased to 132.65 days, suggesting that Ameren was able to manage its inventory more efficiently. This trend continued in 2022 with a further decrease to 90.94 days, indicating an improvement in inventory turnover and potentially more effective inventory management practices.
In 2023, the DOH increased to 123.46 days, which could suggest a slight decrease in efficiency in managing inventory compared to the previous year. Overall, Ameren Corp. has shown improvements in managing its inventory levels over the years, but there is room for further optimization to ensure optimal utilization of resources.
Peer comparison
Dec 31, 2023