Dominion Energy Inc (D)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		4.27	4.38	4.37	3.68	4.43
DOH	days	85.43	83.36	83.47	99.10	82.35

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.27
= 85.43

To analyze Dominion Energy Inc's days of inventory on hand (DOH) over the period from December 31, 2020, to December 31, 2024, we track the trend in DOH as follows:

1. As of December 31, 2020, Dominion Energy Inc had 82.35 days of inventory on hand. This indicates that, on average, the company held enough inventory to cover its sales for a period of approximately 82 days.

2. By December 31, 2021, the DOH had increased to 99.10 days, suggesting that Dominion Energy Inc was holding inventory for a longer period compared to the previous year. This could potentially tie up more capital in inventory.

3. The DOH slightly decreased to 83.47 days by December 31, 2022. This indicates that Dominion Energy Inc managed its inventory more efficiently compared to the previous year, leading to a shorter inventory holding period.

4. Subsequently, by December 31, 2023, the DOH remained relatively stable at 83.36 days, signaling that the company maintained a consistent level of inventory management practices.

5. Finally, as of December 31, 2024, the DOH increased to 85.43 days. This suggests that Dominion Energy Inc may have increased its inventory levels or experienced slower inventory turnover during that year.

Overall, fluctuations in the days of inventory on hand for Dominion Energy Inc over the observed period indicate varying levels of inventory management efficiency and potential impacts on working capital and operational performance. It would be important for the company to assess the reasons behind these changes and evaluate strategies to optimize its inventory levels moving forward.