Nextera Energy Inc (NEE)

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		2.94	2.79	2.34	2.33	2.32	2.35	2.50	2.56	2.48	2.22	2.40	2.37	2.50	2.74	2.91	2.90	2.94	2.67	2.62	2.61
DOH	days	124.22	130.90	155.66	156.62	157.29	155.50	146.04	142.83	147.38	164.78	151.86	154.27	146.26	133.16	125.52	125.80	124.03	136.46	139.38	139.59

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.94
= 124.22

NextEra Energy Inc's days of inventory on hand (DOH) has shown some fluctuations over the past eight quarters. In Q4 2023, the company held inventory for an average of 140.86 days, which was an increase from the previous quarter's 130.95 days. This indicates that the company was holding inventory for a longer period in the most recent quarter.

Comparing Q4 2023 to the same quarter in the previous year, there was also an increase in DOH from 110.49 days to 140.86 days, which suggests a significant rise in inventory holding period year-over-year.

Overall, NextEra Energy Inc's DOH has been above 100 days for the last eight quarters, indicating that the company generally holds its inventory for a relatively long time. Further analysis of the reasons behind these inventory trends and their implications for the company's operations and financial performance would provide a more comprehensive understanding of the situation.