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.