UNITIL Corporation (UTL)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		21.00	27.71	34.58	36.22	0.09
DOH	days	17.38	13.17	10.56	10.08	3,878.12

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 21.00
= 17.38

Based on the data provided, UNITIL Corporation's days of inventory on hand (DOH) decreased significantly from 3,878.12 days as of December 31, 2020, to 10.08 days as of December 31, 2021. This sharp decline indicates that the company was more efficient in managing its inventory levels in 2021 compared to the previous year.

However, there was a slight increase in DOH to 10.56 days as of December 31, 2022, and further increases to 13.17 days as of December 31, 2023, and 17.38 days as of December 31, 2024. These consecutive increases suggest that UNITIL Corporation may have been holding more inventory relative to its sales during these years.

Overall, despite the fluctuations over the years, it is essential for UNITIL Corporation to carefully monitor and manage its inventory levels to ensure efficiency in operations and avoid excessive carrying costs that may impact profitability.