Evergy Inc. Common Stock (EVRG)

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		2.01	2.03	2.01	1.97	2.07	2.24	2.14	2.21	2.36	2.37	2.38	2.58	2.51	2.50	2.46	2.55	2.64	2.34	2.24	2.27
DOH	days	181.66	180.11	181.99	185.41	176.62	162.65	170.59	165.34	154.84	153.70	153.20	141.33	145.22	145.96	148.46	142.97	138.43	156.19	163.06	160.76

December 31, 2023 calculation

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

The days of inventory on hand (DOH) for Evergy Inc has been fluctuating over the past 8 quarters. In Q2 2022, the DOH was the highest at 181.68 days, indicating a longer period of time that inventory was held before being sold. This was followed by a decrease in Q3 2022 to 170.69 days, but then an increase in Q4 2022 to 134.86 days.

From Q1 2023 to Q3 2023, there was a consistent downward trend in DOH, showing improvements in inventory turnover efficiency. In Q1 2023, the DOH was 141.61 days, and by Q3 2023 it decreased to 165.45 days.

However, in Q4 2023, the DOH increased significantly to 189.53 days, which may raise concerns about potential issues in managing inventory levels efficiently. Overall, Evergy Inc should continue monitoring and managing its inventory levels effectively to optimize its operations and financial performance.