Middlesex Water Company (MSEX)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		16.64	7.92	7.81	7.51	7.83	7.77	7.69	8.08	8.05	7.84	8.71	7.81	7.90	8.05	7.21	7.17	6.92	7.01	6.75	6.62
DOH	days	21.93	46.06	46.72	48.61	46.64	47.01	47.45	45.15	45.32	46.53	41.90	46.72	46.21	45.32	50.61	50.91	52.72	52.09	54.11	55.09

December 31, 2023 calculation

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

Based on the data provided, it appears that the information for the days of inventory on hand (DOH) ratio for Middlesex Water Co. is missing for all the quarters listed. Without specific values for DOH, it is challenging to analyze this ratio and draw conclusions regarding the company's inventory management efficiency.

The days of inventory on hand ratio typically measures how many days, on average, a company holds its inventory before selling it. A lower DOH value indicates that the company is selling its inventory quickly, which can be a positive sign of effective inventory management. Conversely, a higher DOH value may suggest that the company is inefficiently managing its inventory.

Given the lack of specific data for Middlesex Water Co.'s DOH ratio, further information or historical trends would be required to assess the company's inventory management practices accurately. It is recommended to refer to updated financial statements or additional resources to perform a more thorough analysis of Middlesex Water Co.'s inventory turnover efficiency.