Consolidated Edison Inc (ED)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		11.00	10.50	12.27	13.71	11.85
DOH	days	33.19	34.78	29.74	26.62	30.80

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 11.00
= 33.19

Consolidated Edison, Inc.'s days of inventory on hand (DOH) has shown fluctuating trends over the past five years. The company's DOH was 46.87 days as of December 31, 2023, compared to 44.01 days in the previous year, indicating a slight increase in the number of days it takes to sell its inventory.

Looking further back, the DOH was higher in 2021 at 57.92 days and in 2020 at 56.92 days, suggesting that the company was holding onto inventory for a longer period in those years. The lowest DOH was recorded in 2019 at 48.80 days.

Overall, the trend in DOH for Consolidated Edison, Inc. shows some variability, which could indicate changes in the company's inventory management practices, sales patterns, or industry dynamics. An increase in DOH may suggest inefficiencies in inventory management, tying up capital in unsold goods, while a decrease may signify more efficient operations. Further analysis and comparison with industry benchmarks would provide deeper insights into the company's inventory management performance.