Duke Energy Corporation (DUK)
Days of inventory on hand (DOH)
Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Inventory turnover | 2.63 | 3.57 | 3.83 | 3.57 | 3.57 | 3.78 | 3.50 | 3.37 | 3.16 | 3.11 | 3.56 | 3.84 | 4.18 | 4.37 | 4.17 | 4.04 | 3.88 | 3.95 | 3.88 | 3.96 | |
DOH | days | 138.53 | 102.38 | 95.34 | 102.36 | 102.36 | 96.49 | 104.36 | 108.45 | 115.55 | 117.54 | 102.39 | 95.03 | 87.33 | 83.58 | 87.49 | 90.29 | 93.99 | 92.49 | 94.09 | 92.27 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.63
= 138.53
Days of Inventory on Hand (DOH) is a financial metric that measures how efficiently a company manages its inventory by indicating the number of days it takes to sell its average inventory. A lower DOH value typically suggests better inventory management and higher efficiency.
Analyzing Duke Energy Corporation's DOH over the past few years, we observe the following trends:
- The DOH increased from around 92 days in March 2020 to a peak of 138 days in December 2024.
- There were fluctuations in the DOH throughout the analyzed period, with some quarters showing lower values and others higher values.
- The DOH peaked in the fourth quarter of 2024 at 138.53 days, indicating a potential slowdown in inventory turnover.
- The highest variability in DOH occurred between September 2022 and December 2024, showcasing potential challenges in inventory management during this period.
- Despite some fluctuations, the DOH generally remained above the 90-day mark, reflecting Duke Energy Corporation's tendency to hold higher levels of inventory relative to its sales.
In conclusion, the increasing trend in Duke Energy Corporation's DOH, especially towards the end of the analyzed period, suggests a potential need for the company to focus on optimizing its inventory management practices to enhance efficiency and reduce the risk of excess inventory levels impacting its financial performance.
Peer comparison
Dec 31, 2024