IDACORP Inc (IDA)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.01	0.01	0.01	0.09	0.39
DOH	days	49,804.81	35,385.53	34,175.23	4,162.74	947.72

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.01
= 49,804.81

The days of inventory on hand (DOH) for Idacorp, Inc. have fluctuated over the past five years. In 2019, the company's DOH was the highest at 146.00 days, indicating that, on average, it took the company 146 days to sell its inventory. Subsequently, there was a decrease in 2020 to 118.53 days, suggesting an improvement in inventory turnover efficiency.

However, in 2021, the DOH increased to 88.63 days, reflecting a slower rate of inventory turnover compared to the previous year. This trend reversed in 2022 when the DOH decreased further to 71.90 days, signaling an improvement in managing and selling inventory more quickly.

The most recent data point in 2023 shows a notable increase in DOH to 116.78 days, indicating a potential slowdown in inventory turnover. It's essential for Idacorp to closely monitor and effectively manage its inventory levels to optimize operational efficiency and avoid potential inventory obsolescence or carrying costs.