Middlesex Water Company (MSEX)

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		5.26	17.53	17.73	16.40	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
DOH	days	69.42	20.82	20.59	22.25	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

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.26
= 69.42

The days of inventory on hand (DOH) metric for Middlesex Water Company shows the number of days it takes for the company to sell its entire inventory. A lower number of days indicates that the company is efficiently managing its inventory levels, while a higher number could imply that the company is struggling to sell its inventory or may have excess inventory on hand.

Based on the data provided, we observe fluctuations in Middlesex Water Company's DOH over the period from March 31, 2020, to December 31, 2024. The DOH ranged from a low of 20.59 days on June 30, 2024, to a high of 69.42 days on December 31, 2024.

It is important to note that a significant decrease or increase in the DOH can be indicative of changes in the company's inventory management practices, sales trends, or even potential obsolescence of inventory. Therefore, monitoring the trend of DOH over time can provide insights into the efficiency of Middlesex Water Company's inventory management and overall operational performance.