Avista Corporation (AVA)

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		3.96	4.25	1.16	-0.06	-0.06	0.06	0.07	0.09	0.08	0.15	0.16	0.22	0.20	0.32	0.32	0.38	0.62	0.49	0.50	0.57
DOH	days	92.09	85.92	313.86	—	—	6,541.54	5,607.57	4,024.64	4,403.12	2,362.61	2,223.58	1,682.36	1,782.61	1,155.55	1,127.83	950.37	586.92	752.44	728.61	641.48

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.96
= 92.09

To analyze Avista Corp.'s days of inventory on hand (DOH) over the past eight quarters, we observe a fluctuating trend.

The DOH has experienced some notable changes during this period. In Q4 2023, the DOH increased to 83.14 days from 72.96 days in Q3 2023, indicating a potential buildup of inventory or slower inventory turnover. This trend follows a general increasing pattern from the lower levels seen in Q1 and Q2 2023.

Comparing to the same quarter in the previous year, the DOH in Q4 2023 is higher than in Q4 2022, suggesting a longer time for Avista Corp. to sell its inventories or potentially increased inventory levels.

Further, it's worth noting that the DOH in Q2 2023 also experienced a significant jump to 58.24 days from 50.07 days in Q1 2023. This increase may suggest changes in inventory management practices, industry demand fluctuations, or other operational factors affecting inventory turnover.

Overall, the fluctuating trend in Avista Corp.'s DOH over the past quarters may indicate the company's varying efficiency in managing inventory levels and could prompt further analysis into the reasons behind these fluctuations to assess their impact on the company's financial performance and operations.