Vistra Energy Corp (VST)

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		1.93	2.11	2.08	2.19	2.33	2.15	2.02	2.24	1.95	2.47	2.95	2.96	2.85	2.86	2.14	2.21	2.10	2.05	1.74	2.40
DOH	days	189.01	173.39	175.24	166.49	156.43	169.97	180.85	162.95	187.26	147.82	123.70	123.52	128.22	127.70	170.38	165.44	173.97	177.95	209.58	152.26

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.93
= 189.01

The Days of Inventory on Hand (DOH) for Vistra Corp have shown a fluctuating trend over the past eight quarters. The DOH was 35.74 days in Q4 2023, which increased from the previous quarter. This could indicate that Vistra Corp is taking longer to sell its inventory or perhaps experiencing challenges in managing its inventory levels efficiently.

In the preceding quarters, the DOH ranged from a low of 20.00 days in Q4 2022 to a high of 29.73 days in Q1 2022. The downward trend from Q1 2022 to Q4 2022 suggests that Vistra Corp was able to improve its inventory turnover efficiency during that period.

Overall, monitoring the DOH metric in conjunction with other financial indicators can provide insights into Vistra Corp's inventory management practices and efficiency in converting inventory into sales. It may be beneficial for stakeholders to assess the reasons behind the fluctuations in DOH and evaluate the impact on the company's operations and financial performance.