American Water Works (AWK)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.46	0.42	0.67	0.94	0.95
DOH	days	786.15	872.44	547.50	389.89	382.38

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.46
= 786.15

Days of Inventory on Hand (DOH) is a measure of how long it takes for a company to sell its inventory. A higher DOH value may indicate slow-moving inventory or inefficiencies in the company's inventory management, while a lower DOH value may suggest efficient inventory turnover.

Unfortunately, without specific data for American Water Works Co. Inc.'s DOH in the given years (Dec 31, 2023 to Dec 31, 2019), it is not possible to provide a detailed analysis of this particular ratio.

To analyze DOH effectively, it is essential to have historical data to identify trends and assess the company's performance in managing its inventory levels over time. By comparing DOH across multiple periods, one can evaluate whether the company has improved its inventory turnover efficiency or if there are any concerning patterns that may require management attention.

If the DOH data for American Water Works Co. Inc. is provided for the respective years, a more insightful analysis can be conducted to evaluate the company's inventory management practices and potential impacts on its overall financial performance.