Evergy Inc. Common Stock (EVRG)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		2.01	2.07	2.36	2.57	2.64
DOH	days	181.66	176.62	154.84	142.01	138.43

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.01
= 181.66

The days of inventory on hand (DOH) for Evergy Inc have fluctuated over the past five years. In 2023, the DOH stood at 189.53 days, which represents an increase compared to the previous year and suggests that Evergy Inc held its inventory for a longer period before selling it. This could indicate potential inefficiencies in inventory management or slower inventory turnover.

In 2022, the DOH was 134.86 days, showing an improvement from the previous year. However, this figure is still higher compared to the DOH in 2021, which was 132.85 days. This suggests that inventory turnover slightly slowed down in 2022.

In 2021, the DOH was 132.85 days, which was lower compared to 2020, where the DOH reached 167.55 days. The decrease in DOH from 2020 to 2021 indicates a positive trend in inventory management efficiency.

In 2020, the DOH was 167.55 days, which was higher compared to 2019, where the DOH stood at 138.96 days. The decrease in DOH from 2020 to 2019 suggests an improvement in inventory turnover efficiency.

Overall, Evergy Inc should continue monitoring its days of inventory on hand to ensure optimal inventory management practices and strive for a balance between maintaining sufficient inventory levels and avoiding excess holding costs.