Duke Energy Corporation (DUK)

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 0.83 1.77 1.78 0.94 1.06 2.24 2.47 2.50 1.19 4.82 4.55 4.39 2.12 2.69 2.59 2.56 1.32 1.53 1.48 1.53
DOH days 439.93 205.65 204.89 387.03 344.21 162.80 147.79 145.81 307.68 75.65 80.24 83.06 172.34 135.83 140.70 142.77 275.53 239.00 246.35 238.46

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.83
= 439.93

To analyze Duke Energy Corp.'s days of inventory on hand (DOH) over the past eight quarters, we observe a general increase in DOH from Q1 2022 to Q4 2023. The trend indicates that the company has been holding inventory for a longer period, which may lead to increased storage costs and potential obsolescence risks.

Specifically, we note that DOH has gradually risen from 130.06 days in Q4 2022 to 161.85 days in Q4 2023, reflecting a consistent upward trajectory. This suggests that Duke Energy Corp. is taking longer to sell its inventory or is experiencing challenges in efficiently managing its inventory levels.

The variation in DOH across quarters indicates potential fluctuations in demand, production inefficiencies, or supply chain disruptions affecting Duke Energy Corp.'s inventory management practices. It would be beneficial for the company to assess and optimize its inventory control strategies to enhance operational efficiency and financial performance.

Overall, the increasing trend in DOH for Duke Energy Corp. warrants further investigation to identify the underlying factors contributing to the prolonged holding of inventory and to implement measures for improving inventory turnover and cost-effectiveness.