FirstEnergy Corporation (FE)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.37	4.48	6.08	4.68	5.61
DOH	days	108.27	81.48	60.03	77.97	65.08

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.37
= 108.27

To analyze Firstenergy Corp.'s days of inventory on hand (DOH) over the past five years, we observe an increasing trend from 2019 to 2020, followed by a decreasing trend in the subsequent years.

In 2019, the company held inventory for an average of 29.95 days, which increased to 37.69 days in 2020, representing a notable rise. This spike could indicate excess inventory or slower sales during that year.

However, the trend reversed in 2021, with a decrease to 27.55 days, suggesting improved inventory management efficiency or higher sales turnover. This trend continued in 2022 when DOH further decreased to 33.46 days, reflecting a more optimal inventory control strategy.

The most recent data as of December 31, 2023, shows that Firstenergy Corp. held inventory for an average of 40.22 days, marking an increase from the previous year. This upturn could potentially indicate challenges in managing inventory levels efficiently or a slowdown in sales.

Overall, Firstenergy Corp. has shown varying levels of inventory management effectiveness over the years, with fluctuations in DOH. Further analysis into the underlying factors impacting inventory levels and sales performance would be beneficial to gain a comprehensive understanding of the company's operations.