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.