Dominion Energy Inc (D)

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		3.27	3.66	3.35	3.50	3.97	2.24	2.29	2.54	2.36	2.47	3.43	3.78	4.09	4.18	3.23	3.22	3.30	2.93	2.89	2.63
DOH	days	111.75	99.71	109.06	104.25	91.90	162.86	159.62	143.76	154.71	147.50	106.54	96.51	89.14	87.33	113.11	113.44	110.54	124.38	126.41	139.04

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.27
= 111.75

To analyze Dominion Energy Inc's days of inventory on hand (DOH) based on the data provided, we can observe a trend over the past eight quarters. The DOH values have fluctuated during this period, with values ranging from 103.12 days to 144.98 days.

In Q4 2023, the DOH was at 144.98 days, an increase from the previous quarter's 103.12 days. This indicates that Dominion Energy held its inventory for a longer period before selling it, potentially tying up more working capital.

Overall, it is essential for the company to continuously monitor and manage its inventory levels effectively to maintain optimal operational efficiency and liquidity. Further analysis and comparison with industry benchmarks would provide more insights into Dominion Energy's inventory management performance.