Chesapeake Utilities Corporation (CPK)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 16.82 | 14.21 | 16.88 | 16.77 | 25.83 | |
| DOH | days | 21.70 | 25.68 | 21.63 | 21.76 | 14.13 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.82
= 21.70
The days of inventory on hand (DOH) for Chesapeake Utilities Corporation have shown a varying trend over the years. In 2020, the company held inventory for an average of 14.13 days before it was sold. This metric increased in 2021 to 21.76 days and remained relatively stable in 2022 at 21.63 days. However, by 2023, the DOH extended to 25.68 days before decreasing slightly to 21.70 days by 2024. This suggests that the company might be experiencing fluctuations in its inventory management efficiency, potentially indicating factors such as changes in demand patterns, production issues, or supply chain disruptions. Further analysis and comparison with industry benchmarks could provide valuable insights into the company's inventory management strategies and overall operational performance.
Peer comparison
Dec 31, 2024