PPL Corporation (PPL)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		1.47	2.62	2.37	2.15	2.19
DOH	days	248.08	139.39	154.04	169.85	166.46

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.47
= 248.08

The days of inventory on hand (DOH) for PPL Corp has shown fluctuations over the past five years. In 2023, the company's DOH stands at 71.61 days, increasing from 61.79 days in 2022. This indicates that PPL Corp took longer to sell its inventory in 2023 compared to the previous year. However, it is still lower than the DOH of 80.39 days in 2021, and significantly lower than the DOH of 104.08 days in 2020. The downward trend in DOH from 2020 to 2023 suggests more efficient inventory management by the company. The current DOH of 71.61 days is closer to the DOH of 2022 and 2019 (61.79 days and 84.62 days, respectively), indicating a moderate level of inventory turnover efficiency in the most recent year. Further analysis and comparison with industry benchmarks may be necessary to assess the company's inventory management performance in more detail.