The AES Corporation (AES)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.28 | 9.54 | 13.96 | 15.11 | 16.10 | |
| DOH | days | 25.57 | 38.24 | 26.15 | 24.15 | 22.67 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.28
= 25.57
The Days of Inventory on Hand (DOH) for AES Corp. have shown some fluctuation over the past five years. In 2023, the DOH decreased to 25.57 days from 38.24 days in 2022, indicating that AES Corp. was able to manage its inventory more efficiently. This could suggest improvements in inventory management practices or a more streamlined supply chain process.
Comparing to 2021 and 2020, where the DOH was 26.15 days and 24.15 days respectively, the decrease in 2023 could be seen as a positive trend in terms of inventory turnover. This may indicate that AES Corp. was able to convert its inventory into sales at a faster rate in 2023.
However, it is important to note that the DOH in 2019 was slightly lower at 22.67 days compared to 2023. This could suggest that AES Corp. was more efficient in managing its inventory levels back in 2019. Overall, the trend in the DOH for AES Corp. indicates some variability but shows a potential improvement in inventory management in 2023 compared to the previous years.