CenterPoint Energy Inc (CNP)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.54 | 6.51 | 6.76 | 8.46 | 8.98 | |
| DOH | days | 55.84 | 56.10 | 53.97 | 43.13 | 40.65 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.54
= 55.84
The days of inventory on hand (DOH) for CenterPoint Energy Inc has shown an increasing trend over the past five years. Starting at 40.65 days as of December 31, 2020, the DOH has gradually risen to 55.84 days by December 31, 2024. This suggests that the company is holding inventory for a longer period before turning it into sales. The upward trend in DOH may indicate inefficiencies in inventory management, potential overstocking, or challenges in forecasting demand accurately. It is important to closely monitor and potentially optimize inventory levels to improve operational efficiency and working capital management.
Peer comparison
Dec 31, 2024