TXNM Energy, Inc. (TXNM)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		4.06	5.77	6.65	7.51	9.12	13.53	16.77	23.18	22.71	21.38	16.48	14.77	13.50	10.81	8.47	8.40	7.63	7.20	6.90	6.32
DOH	days	89.86	63.29	54.90	48.63	40.03	26.97	21.77	15.75	16.07	17.08	22.15	24.71	27.04	33.77	43.09	43.46	47.85	50.73	52.92	57.76

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.06
= 89.86

TXNM Energy, Inc.'s Days of Inventory on Hand (DOH) is a measure used to evaluate how efficiently the company manages its inventory. A lower DOH typically indicates that the company is selling its inventory quickly, which is favorable as it reduces the risk of obsolete inventory or holding costs.

Based on the data provided, TXNM Energy, Inc.'s DOH has shown a consistent downward trend over the past few years, starting at 57.76 days on March 31, 2020, and reaching 89.86 days on December 31, 2024. This indicates that the company took longer to sell its inventory in 2024 compared to previous years.

It is worth noting that the DOH decreased significantly from December 31, 2024, to March 31, 2024, dropping from 89.86 days to 48.63 days. This could suggest a more aggressive sales approach or improved inventory management efficiency during the first quarter of 2025.

Overall, while the increasing trend in DOH from 2020 to 2024 raises some concern, the recent decrease in DOH from December 31, 2024, to March 31, 2025, may indicate a positive shift in inventory management practices for TXNM Energy, Inc. Monitoring this ratio closely will be essential to assess the company's ongoing operational performance.