Ameren Corp (AEE)

Days of inventory on hand (DOH)

		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
Inventory turnover		3.12	2.81	2.99	3.39	3.24	2.99	3.45	3.95	3.39	3.19	3.56	4.01	3.62	2.08	3.04	4.06	4.66	4.85	5.59	6.25
DOH	days	116.99	130.05	122.01	107.65	112.61	122.14	105.90	92.32	107.56	114.42	102.48	91.06	100.88	175.57	120.11	89.91	78.29	75.32	65.25	58.43

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.12
= 116.99

To analyze Ameren Corp.'s days of inventory on hand (DOH) based on the data provided, we observe a fluctuating trend over the past eight quarters. In Q1 2022, the DOH stood at 102.37 days, which slightly increased to 111.28 days in Q2 2022. Subsequently, there was a decrease in DOH to 109.44 days in Q3 2022, followed by a further reduction to 90.94 days in Q4 2022.

However, the trend reversed in Q1 2023, with the DOH rising to 80.77 days and continued to increase in Q2 2023 (89.86 days) and Q3 2023 (106.28 days). The latest reported DOH figure in Q4 2023 was 123.46 days, indicating a significant increase in the days inventory is held on hand compared to the previous quarters.

Overall, Ameren Corp.'s DOH trend suggests fluctuations in inventory management efficiency. A high DOH value, as seen in Q4 2023, may indicate potential issues such as excess inventory levels, slow inventory turnover, or inefficiencies in supply chain management. Further analysis and comparison with industry benchmarks are recommended to assess the impact of inventory management on Ameren Corp.'s financial performance.