Duke Energy Corporation (DUK)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.88	1.08	1.19	2.18	1.37
DOH	days	417.03	336.68	307.68	167.25	266.38

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.88
= 417.03

The days of inventory on hand (DOH) for Duke Energy Corp. have shown some variability over the past five years. In 2023, the company held inventory for an average of approximately 161.85 days, which is higher compared to 2022 when the DOH was 130.06 days. This increase suggests that Duke Energy Corp. may have been holding onto inventory for a longer period in 2023, potentially impacting their working capital management.

Furthermore, when comparing the DOH for 2023 to the earlier years, it is evident that the inventory turnover efficiency improved compared to 2021 and 2020 when DOH values were 167.76 days and 177.54 days, respectively. This improvement indicates that Duke Energy Corp. may have taken steps to streamline their inventory management processes in 2023.

However, it is worth noting that the DOH in 2019 was slightly lower at 158.28 days compared to 2023, indicating that Duke Energy Corp. may have been more efficient in managing their inventory back in 2019. Overall, fluctuations in the DOH metric for Duke Energy Corp. suggest changes in inventory management practices that may have impacted their liquidity and operational efficiency over the years.