CMS Energy Corporation (CMS)

Days of inventory on hand (DOH)

Dec 31, 2024 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
Inventory turnover 1.49 1.26 1.40 1.60 1.12 0.99 1.35 1.81 1.20 1.01 1.40 2.32 1.53 1.34 1.74 2.14 1.45 1.25 1.61 2.01
DOH days 244.71 289.12 260.62 228.38 326.07 369.18 271.15 201.21 304.94 362.50 261.60 157.52 238.92 271.96 209.74 170.17 251.18 292.27 226.06 181.87

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.49
= 244.71

The days of inventory on hand (DOH) for CMS Energy Corporation have fluctuated over the past few years, indicating varying efficiency in managing their inventory levels.

From March 31, 2020, to September 30, 2021, the DOH increased steadily from 181.87 days to 271.96 days, suggesting that the company may have been holding more inventory than necessary during this period. However, from March 31, 2022, to June 30, 2024, the DOH fluctuated within a range, indicating possible adjustments in inventory management practices.

Notably, the DOH spiked to 369.18 days on September 30, 2023, which could indicate potential issues related to inventory management efficiency or changes in the company's operational or supply chain processes during that period.

Overall, monitoring the DOH can provide insights into how effectively CMS Energy Corporation is managing its inventory levels and may indicate opportunities for improvement in operational efficiency and cost management.