CenterPoint Energy Inc (CNP)

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		1.05	1.12	1.30	1.22	1.09	1.09	1.54	1.90	1.60	1.55	2.09	2.47	2.27	4.22	6.57	10.29	8.90	9.56	11.40	14.37
DOH	days	347.40	325.61	279.79	298.50	333.41	334.30	237.36	192.46	228.31	235.52	174.95	147.64	160.79	86.47	55.56	35.46	41.01	38.19	32.01	25.40

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.05
= 347.40

Centerpoint Energy Inc.'s days of inventory on hand (DOH) shows a fluctuating trend over the eight quarters presented. The average DOH for the latest quarter, Q4 2023, stands at 105.06 days. This is slightly above the average of the preceding quarters, indicating that the company may be experiencing challenges in managing its inventory efficiently during this period.

The highest DOH was recorded in Q4 2023 at 130.12 days, indicating a prolonged period of inventory sitting on the shelves. Conversely, the lowest DOH was observed in Q2 2022 at 74.96 days, illustrating a more efficient management of inventory during that particular quarter.

Overall, these fluctuations in DOH suggest that Centerpoint Energy Inc. might be facing challenges in optimizing its inventory levels and minimizing excess stock. Further analysis, in conjunction with other financial metrics, would be necessary to gain deeper insights into the company's inventory management practices and potential impacts on its financial performance.