Clearway Energy Inc Class C (CWEN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		7.83	8.60	9.26	12.19	8.71
DOH	days	46.63	42.44	39.44	29.94	41.89

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.83
= 46.63

The days of inventory on hand (DOH) for Clearway Energy Inc Class C has exhibited some fluctuations over the past five years. As of December 31, 2020, the company had an inventory holding period of 41.89 days, which decreased to 29.94 days by December 31, 2021. However, by the end of December 31, 2022, the DOH increased to 39.44 days and further to 42.44 days by December 31, 2023. The trend continued upward, reaching 46.63 days by December 31, 2024.

This indicates that Clearway Energy Inc Class C took fewer days to sell its inventory in 2021 compared to 2020, but then experienced an increase in the DOH in the subsequent years. A gradually increasing DOH may suggest that the company is holding more inventory relative to sales, which could tie up capital and affect liquidity. Further analysis would be required to understand the reasons behind these fluctuations and their impact on the overall operations and financial health of the company.