PPL Corporation (PPL)
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 | 1.46 | 1.65 | 1.84 | 2.33 | 2.31 | 2.30 | 2.70 | 2.82 | 2.34 | 2.40 | 2.69 | 2.52 | 2.12 | 1.83 | 1.98 | 2.15 | 2.17 | 2.72 | 2.84 | 4.89 | |
DOH | days | 249.42 | 220.99 | 197.95 | 156.84 | 158.06 | 158.96 | 135.09 | 129.37 | 155.67 | 152.00 | 135.85 | 145.11 | 172.23 | 199.87 | 184.72 | 169.77 | 168.54 | 134.43 | 128.40 | 74.63 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.46
= 249.42
Days of inventory on hand (DOH) for PPL Corp has shown a fluctuating trend over the past eight quarters. In Q4 2023, the DOH was 71.61 days, indicating that the company held inventory for an average of around 72 days during that period. This was an increase from the previous quarter's DOH of 63.32 days. The DOH has been on an overall upward trajectory since the start of 2022 when it was at 62.74 days.
The increase in DOH from Q3 2023 to Q4 2023 suggests that PPL Corp may have experienced challenges in managing its inventory efficiently or may have increased its inventory levels. This could be due to various factors such as changes in demand patterns, production issues, or supply chain disruptions.
It is important for PPL Corp to monitor its DOH closely to ensure optimal inventory management and avoid potential issues such as excess inventory holding costs or stockouts. Further analysis and comparison with industry benchmarks can provide more insights into the company's inventory management effectiveness.
Peer comparison
Dec 31, 2023