Dominion Energy Inc (D)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.00 | 3.97 | 2.36 | 3.61 | 3.40 | |
| DOH | days | 121.86 | 91.90 | 154.71 | 101.21 | 107.46 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.00
= 121.86
Over the past five years, Dominion Energy Inc's Days of Inventory on Hand (DOH) has exhibited fluctuations. The trend shows a decrease in DOH from 2018 to 2019, followed by an increase in 2020 and 2021 before decreasing again in 2022. In 2023, the DOH increased to 144.98 days from 117.92 days in 2022.
The increase in DOH from 2022 to 2023 may indicate slower inventory turnover or potentially excess inventory on hand. This could tie up cash flow and suggest inefficiencies in managing inventory levels. Further analysis of the company's inventory management practices and supply chain efficiency may be warranted to address this increase in DOH. Overall, Dominion Energy Inc should closely monitor its inventory levels and strive to optimize inventory turnover to improve operational efficiency and financial performance.
Peer comparison
Dec 31, 2023