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