Eversource Energy (ES)

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		5.82	3.48	4.09	3.11	4.32	5.06	5.84	5.02	4.87	5.84	6.73	4.07	4.38	5.11	6.13	4.67	5.49	6.50	7.48	3.68
DOH	days	62.70	104.86	89.30	117.24	84.54	72.20	62.47	72.69	75.02	62.55	54.27	89.57	83.29	71.43	59.50	78.19	66.50	56.13	48.82	99.27

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.82
= 62.70

From the data provided for Eversource Energy, the days of inventory on hand (DOH) have shown some fluctuations over the past eight quarters.

The DOH ranged from a low of 23.63 days in Q2 2022 to a high of 35.83 days in Q4 2023. Despite some variability, it is evident that the company has managed to keep its inventory levels relatively stable, with most quarters falling within the range of mid-20s to low 30s in terms of DOH.

Overall, the trend in Eversource Energy's DOH indicates that the company has been effective in managing its inventory levels efficiently over the past two years. It is essential to continue monitoring this ratio to ensure that inventory is being managed optimally to support the company's operations and financial performance.