IDACORP Inc (IDA)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Inventory turnover 5.94 6.71 7.63 8.34 9.03 9.44 10.50 11.52 12.25 13.69 12.48 11.68 11.97 10.88 10.21 10.90 10.75 9.46 8.37 8.03
DOH days 61.45 54.42 47.83 43.75 40.41 38.66 34.76 31.67 29.79 26.67 29.25 31.24 30.50 33.53 35.76 33.49 33.95 38.60 43.61 45.48

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.94
= 61.45

The Days of Inventory on Hand (DOH) for IDACORP Inc has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The company managed to reduce the average number of days it took to sell its inventory from 45.48 days in March 2020 to 61.45 days in December 2024.

The declining trend in DOH indicates that IDACORP Inc has been more effective in managing its inventory levels and turning them into sales within a shorter timeframe. This can be seen as a positive sign of operational efficiency and effective inventory management.

However, it's important to note that the DOH metric needs to be analyzed in conjunction with other financial ratios and operational metrics to gain a comprehensive understanding of IDACORP Inc's overall performance and efficiency in managing its inventory levels.