Nextera Energy Inc (NEE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.01 | 3.59 | 3.89 | 3.95 | 4.81 | |
| DOH | days | 91.11 | 101.76 | 93.76 | 92.38 | 75.94 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.01
= 91.11
NextEra Energy Inc's days of inventory on hand (DOH) have shown some fluctuations over the past five years. In 2023, the company had 140.86 days of inventory on hand, which increased compared to the previous year, where it was at 110.49 days. This indicates that the company held its inventory for a longer period in 2023.
Comparing to 2021, where the DOH was at 125.86 days, we can see an increase in 2023. However, in 2020 the DOH was significantly higher at 160.07 days, indicating that the company was holding inventory for a longer period in 2020 than in 2023.
It is interesting to note that in 2019, the DOH was at 111.10 days, slightly lower than in 2023. This suggests that the company has been managing its inventory more efficiently in 2019 compared to 2023. Overall, fluctuations in the DOH over the years may indicate changes in the company's inventory management practices and efficiency.
Peer comparison
Dec 31, 2023