FirstEnergy Corporation (FE)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		7.97	9.07	10.91	13.25	9.68
DOH	days	45.79	40.22	33.46	27.55	37.69

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.97
= 45.79

FirstEnergy Corporation's days of inventory on hand (DOH) has fluctuated over the past five years, with a decreasing trend from 37.69 days on December 31, 2020, to 27.55 days on December 31, 2021. However, there was a slight increase to 33.46 days on December 31, 2022, followed by a more significant increase to 40.22 days on December 31, 2023, and a further rise to 45.79 days on December 31, 2024.

The decreasing trend in the initial years indicates efficient inventory management and faster inventory turnover, which may reflect positively on the company's working capital management and liquidity. However, the subsequent increases in DOH suggest a buildup of inventory levels, which could tie up capital and potentially indicate challenges in effectively managing inventory levels or forecasting demand accurately.

Further analysis and comparison with industry standards or historical data would be recommended to understand the potential impact of these changes on FirstEnergy Corporation's operations and financial performance.