Middlesex Water Company (MSEX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		16.64	7.83	8.06	7.90	6.92
DOH	days	21.93	46.64	45.31	46.21	52.72

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.64
= 21.93

Unfortunately, without specific data on the days of inventory on hand (DOH) for Middlesex Water Co. for the years ending on December 31, 2019 to December 31, 2023, it is not possible to analyze or provide a detailed description of the company's inventory management efficiency over those years. The DOH ratio is a key financial metric that provides insights into how long it takes a company to sell its inventory, indicating inventory turnover efficiency and potential inventory obsolescence risks. For a more comprehensive analysis, it would be necessary to have the actual DOH values for the respective years.