IDACORP Inc (IDA)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		1.74	9.03	12.25	11.78	10.75
DOH	days	210.13	40.41	29.79	30.99	33.95

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.74
= 210.13

Based on the data provided, IDACORP Inc's days of inventory on hand (DOH) have shown a decreasing trend from 33.95 days as of December 31, 2020, to 30.99 days as of December 31, 2021, and further to 29.79 days as of December 31, 2022. This decreasing trend indicates that the company is managing its inventory more efficiently, holding less inventory on hand to meet its operational requirements.

However, there is a significant increase in DOH to 40.41 days as of December 31, 2023, which could suggest a change in the company's inventory management practices or challenges in forecasting demand. The sharp increase to 210.13 days as of December 31, 2024, is unusual and may indicate potential inventory management issues, overstocking, supply chain disruptions, or other operational challenges that need to be addressed.

Overall, fluctuations in the days of inventory on hand should be carefully monitored to ensure optimal inventory management practices that balance the need for sufficient inventory levels with cost-efficiency and operational effectiveness.