Atmos Energy Corporation (ATO)

Days of inventory on hand (DOH)

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		11.64	9.18	7.01	4.76	5.91	7.77	10.05	6.33	4.70	7.03	14.68	5.06	5.80	9.72	18.11	6.53	5.89	7.71	9.69	7.06
DOH	days	31.37	39.74	52.04	76.60	61.79	46.97	36.30	57.64	77.64	51.89	24.87	72.07	62.95	37.55	20.16	55.89	62.02	47.34	37.65	51.71

September 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.64
= 31.37

The days of inventory on hand (DOH) for Atmos Energy Corporation show fluctuations over the past several quarters. The company's inventory turnover has varied significantly from a low of 20.16 days to a high of 77.64 days.

A decreasing trend in DOH, such as the drop from 77.64 days to 24.87 days in the second and third quarters of 2022, can indicate improved inventory management efficiency. Conversely, an increasing trend, like the rise from 24.87 days to 76.60 days in the fourth quarter of 2023, may suggest potential issues with inventory control or slowing sales.

Analyzing the DOH in conjunction with other financial ratios and operational metrics can provide a more comprehensive understanding of Atmos Energy Corporation's overall performance and efficiency in managing its inventory levels.