PNM Resources Inc (PNM)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 13.09 | 22.61 | 17.38 | 13.80 | 6.04 | |
| DOH | days | 27.88 | 16.14 | 21.00 | 26.46 | 60.44 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.09
= 27.88
The Days of Inventory on Hand (DOH) for PNM Resources Inc has shown a fluctuating trend over the past five years. In 2019, the company had the highest DOH of 51.22 days, indicating that it took them 51.22 days to sell their inventory. This was followed by a decrease in 2020 to 41.42 days, suggesting an improvement in inventory management efficiency.
However, in 2021, the DOH decreased further to 30.11 days, reflecting a significant improvement in inventory turnover. This trend reversed in 2022, where the DOH increased to 21.45 days, indicating a slowdown in inventory turnover.
By the end of 2023, the DOH increased significantly to 40.03 days, signaling a potential buildup of excess inventory or challenges in selling products efficiently. Overall, the fluctuating trend in DOH for PNM Resources Inc suggests varying levels of efficiency in managing and selling inventory over the past five years.
Peer comparison
Dec 31, 2023