Vistra Energy Corp (VST)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		2.01	2.44	2.04	2.97	2.26
DOH	days	181.40	149.35	178.69	122.86	161.80

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.01
= 181.40

The days of inventory on hand (DOH) for Vistra Corp has shown variability over the past five years. In 2023, the company had 35.74 days of inventory on hand, which indicates an increase compared to the previous year's 20.00 days. This could suggest that Vistra Corp is holding more inventory relative to its sales, which may tie up more cash and increase carrying costs.

Comparing to 2021 and 2019 with 24.28 days and 29.81 days of inventory on hand respectively, the DOH for 2023 appears relatively high. It is important for Vistra Corp to closely monitor and manage its inventory levels to ensure efficiency in operations and minimize the risk of holding excess inventory.

The increasing trend in DOH from 2022 to 2023 may warrant further investigation into the company's inventory management practices and supply chain efficiency to optimize inventory levels and maximize working capital utilization.