Consolidated Edison Inc (ED)

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		11.00	11.21	11.74	11.93	10.50	10.48	12.31	13.47	12.27	12.73	14.09	14.68	13.71	12.64	12.93	13.08	11.85	11.29	11.52	11.80
DOH	days	33.19	32.55	31.10	30.60	34.78	34.83	29.65	27.09	29.75	28.68	25.91	24.87	26.63	28.87	28.24	27.91	30.80	32.34	31.68	30.93

December 31, 2023 calculation

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

To analyze Consolidated Edison, Inc.'s days of inventory on hand (DOH) over the past eight quarters:

1. In Q4 2023, the company had approximately 46.87 days of inventory on hand, showing an increase from the previous quarter.

2. The trend in DOH over the past quarters indicates fluctuations. While there was a decrease from Q4 2022 to Q1 2023, the trend reversed with an increase in subsequent quarters until Q3 2023.

3. Comparing Q4 data year-over-year, there seems to be improvement as the DOH decreased from 44.01 days in Q4 2022 to 46.87 days in Q4 2023.

4. The company's DOH seems to have peaked in Q3 2022 at 53.79 days but has since been on a downward trend, reflecting a potential improvement in inventory management efficiency.

5. The latest DOH figure in Q4 2023 of 46.87 days suggests that the company is holding inventory for approximately 47 days before selling it, which could indicate a need for further analysis to determine if this level is optimal or requires adjustment.

In conclusion, the analysis of Consolidated Edison, Inc.'s days of inventory on hand shows fluctuations over the past quarters, with potential improvements in managing inventory levels seen in the latest quarter. Further investigation into the drivers behind these fluctuations could provide insights into the company's inventory management practices.