Clearway Energy Inc Class C (CWEN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		8.60	9.26	12.19	8.71	8.42
DOH	days	42.44	39.44	29.94	41.89	43.32

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.60
= 42.44

Clearway Energy Inc's days of inventory on hand (DOH) has shown some fluctuation over the past five years. In 2023, the company reported a DOH of 42.44 days, which represents an increase from the previous year's DOH of 39.44 days. This indicates that the company took slightly longer to sell its inventory in 2023 compared to 2022.

Looking further back, Clearway Energy Inc's DOH was significantly lower in 2021 at 29.94 days, which may suggest more efficient inventory management practices during that period. However, in 2020 and 2019, the DOH was higher at 41.89 days and 42.69 days respectively, indicating that the company took longer to sell its inventory during those years.

Overall, it is important for Clearway Energy Inc to closely monitor and manage its inventory levels to ensure optimal efficiency in its operations and maximize profitability.