Eversource Energy (ES)

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		13.79	13.43	13.91	13.60	16.00	18.96	20.40	18.51	18.37	19.91	22.37	19.30	19.22	22.88	25.64	15.30	16.82	20.54	24.55	15.05
DOH	days	26.48	27.18	26.23	26.84	22.81	19.25	17.89	19.72	19.86	18.34	16.32	18.92	18.99	15.95	14.24	23.86	21.70	17.77	14.87	24.25

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.79
= 26.48

The days of inventory on hand (DOH) for Eversource Energy have shown some fluctuations over the reporting periods from March 31, 2020, to December 31, 2024. The DOH is a measure of how many days, on average, a company holds its inventory before selling it.

The DOH ranged from a low of 14.24 days on June 30, 2021, to a high of 27.18 days on September 30, 2024. The lowest point in inventory holding was observed in mid-2021, indicating that Eversource Energy managed its inventory efficiently during that period, potentially leading to lower storage costs and better cash flow.

Conversely, the highest DOH occurred by the end of 2024, suggesting a longer period of holding inventory before sales, which may be due to various factors such as changes in demand, production issues, or supply chain disruptions.

Overall, fluctuations in the DOH can provide insights into the effectiveness of inventory management practices at Eversource Energy. It would be important to assess the reasons behind these variations to determine if they are in line with the company's strategic objectives and industry norms.