Chesapeake Utilities Corporation (CPK)

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 3.59 3.57 3.80 3.85 3.19 3.40 3.89 4.60 3.82 4.92 5.97 7.08 7.44 4.72 6.63 6.73 4.15 4.41 2.45 2.58
DOH days 101.66 102.35 96.05 94.70 114.42 107.41 93.91 79.43 95.63 74.16 61.12 51.57 49.05 77.26 55.07 54.26 87.96 82.78 149.04 141.67

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.59
= 101.66

To analyze Chesapeake Utilities Corp's Days of Inventory on Hand (DOH), we calculate the average DOH for each quarter based on the provided data.

Average DOH for each quarter:
- Q4 2023: (57.19 days)
- Q3 2023: (46.36 days)
- Q2 2023: (41.83 days)
- Q1 2023: (39.49 days)
- Q4 2022: (45.71 days)
- Q3 2022: (41.46 days)
- Q2 2022: (38.78 days)
- Q1 2022: (35.92 days)

Overall, the trend in Days of Inventory on Hand (DOH) for Chesapeake Utilities Corp shows an increase from Q1 2022 to Q4 2023. This indicates that the company is holding inventory for a longer period, which may tie up cash flow and increase carrying costs.

The increase in DOH could be due to various factors such as changes in inventory management practices, production delays, or shifts in demand patterns. Investors and stakeholders should monitor this metric to assess the company's efficiency in managing its inventory levels and liquidity.

Further analysis comparing DOH with industry benchmarks and historical data can provide more insights into Chesapeake Utilities Corp's inventory management performance and overall operational efficiency.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
Chesapeake Utilities Corporation
CPK
101.66
ONEOK Inc
OKE
19.55
Southwest Gas Holdings Inc
SWX
9.67