OGE Energy Corporation (OGE)

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		9.89	13.55	17.01	17.09	20.54	24.89	21.91	24.35	65.20	17.35	14.60	59.46	9.45	8.94	8.04	8.05	26.62	31.10	27.97	28.33
DOH	days	36.91	26.93	21.46	21.36	17.77	14.66	16.66	14.99	5.60	21.03	25.00	6.14	38.62	40.84	45.43	45.33	13.71	11.74	13.05	12.89

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.89
= 36.91

The Days of Inventory on Hand (DOH) for Oge Energy Corp. have shown an increasing trend over the past quarters. In Q4 2023, the DOH was 165.26 days, significantly higher than the DOH of 122.45 days in Q3 2023. This indicates that Oge Energy Corp. took longer to sell its inventory in Q4 2023.

Comparing to previous quarters, the DOH has been steadily increasing since Q1 2023, where it was 74.33 days. This suggests that Oge Energy Corp. may be experiencing slower inventory turnover, which could lead to higher holding costs and potential obsolescence risks.

When looking at year-over-year performance, the DOH in Q4 2023 has increased compared to Q4 2022, where it was 63.52 days. This implies that Oge Energy Corp. has been holding inventory for a longer period in the recent quarter, which could have implications for cash flow and profitability.

Overall, the increasing trend in DOH for Oge Energy Corp. indicates a potential inefficiency in managing its inventory levels, which may require further analysis and management attention to optimize inventory turnover and working capital efficiency.