Public Service Enterprise Group Inc (PEG)

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		6.17	7.04	7.13	7.92	8.99	15.11	15.51	15.05	14.68	7.64	5.04	5.08	4.96	4.87	4.93	5.18	5.71	5.94	6.18	6.43
DOH	days	59.14	51.85	51.16	46.09	40.61	24.15	23.54	24.25	24.87	47.77	72.46	71.89	73.64	75.00	74.02	70.47	63.90	61.42	59.07	56.75

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.17
= 59.14

Public Service Enterprise Group Inc.'s Days of Inventory on Hand (DOH) has shown fluctuations over the past eight quarters. The DOH increased significantly in Q4 2023 to 114.54 days from the previous quarter's 100.78 days, indicating a longer period of time for the company to sell its inventory. This rise follows a similar trend observed in Q3 2023 compared to Q2 2023.

Looking at the year-on-year comparison, the DOH in Q4 2023 is notably higher than that of Q4 2022, suggesting a relative increase in the amount of inventory held by the company. Furthermore, the DOH in Q4 2023 is considerably higher than in Q1 2022, indicating a possible shift in inventory management practices.

The trend in the DOH for Public Service Enterprise Group Inc. reflects a potential need for the company to evaluate its inventory levels, turnover rates, and supply chain efficiency to optimize its working capital and operational performance. A sustained high DOH could imply inefficiencies in inventory management or potential risks related to excess inventory levels. Additional analysis and further monitoring of inventory management practices may be warranted to address these observations.