UNITIL Corporation (UTL)

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		23.54	24.66	24.80	21.02	24.01	28.67	28.62	33.58	34.58	36.87	37.36	38.48	36.22	25.57	24.52	21.66	23.27	23.26	21.05	15.30
DOH	days	15.50	14.80	14.72	17.36	15.20	12.73	12.75	10.87	10.56	9.90	9.77	9.49	10.08	14.27	14.88	16.85	15.69	15.69	17.34	23.85

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 23.54
= 15.50

The days of inventory on hand (DOH) for UNITIL Corporation have shown a decreasing trend from 23.85 days as of March 31, 2020, to 15.50 days as of December 31, 2024. This indicates that the company has been managing its inventory more efficiently over the years.

The DOH measure reflects how many days a company holds its average inventory before it is sold. A lower DOH value generally implies that the company is selling its products more quickly and efficiently, which can lead to lower holding costs and better cash flow management.

From the data provided, we observe fluctuations in the DOH metric over the years, with some quarters showing slight increases, followed by decreases. Notably, there was a significant drop in DOH from March 31, 2024, to June 30, 2024, which might indicate a strategic inventory management decision.

Overall, the declining trend in UNITIL Corporation's days of inventory on hand suggests effective management of inventory levels and the potential for improved operational efficiency and financial performance. However, it is important for the company to continue monitoring and optimizing its inventory management practices to maintain this positive trend.