PPL Corporation (PPL)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.55 | 1.47 | 2.62 | 2.37 | 2.15 | |
| DOH | days | 235.80 | 248.08 | 139.39 | 154.04 | 169.85 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.55
= 235.80
The days of inventory on hand (DOH) for PPL Corporation has shown a decreasing trend over the past five years, indicating an improvement in inventory management efficiency. In December 31, 2020, the company had inventory on hand for approximately 169.85 days, which decreased to 154.04 days by December 31, 2021, and further to 139.39 days by December 31, 2022.
However, there was a substantial increase in the DOH to 248.08 days by December 31, 2023, followed by a slight decrease to 235.80 days by December 31, 2024. This spike in DOH in 2023 may suggest potential issues with inventory management or demand forecasting during that period.
Overall, the decreasing trend in DOH from 2020 to 2022 is a positive indicator of efficient inventory turnover and management at PPL Corporation. The significant increase in 2023 warrants further investigation to understand the factors contributing to the temporary deviation from the improving trend.
Peer comparison
Dec 31, 2024