WEC Energy Group Inc (WEC)

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		6.66	6.61	7.53	8.14	6.53	7.72	9.85	12.04	7.80	6.52	10.14	14.67	8.36	7.79	11.00	13.88	8.23	7.65	9.44	11.49
DOH	days	54.83	55.22	48.49	44.83	55.89	47.25	37.05	30.32	46.78	55.98	35.99	24.89	43.65	46.84	33.19	26.30	44.34	47.74	38.66	31.77

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.66
= 54.83

The days of inventory on hand (DOH) for WEC Energy Group Inc have shown some fluctuations over the past few years. From March 31, 2020, to December 31, 2020, the DOH increased steadily from 31.77 days to 44.34 days, indicating a potential buildup of inventory. However, from March 31, 2021, to June 30, 2021, there was a significant decrease in DOH to 26.30 days before gradually increasing again.

The period from September 30, 2021, to September 30, 2022, saw a consistent increase in DOH, reaching a peak of 55.98 days, reflecting a longer time taken to sell inventory. There was a slight decline in DOH by March 31, 2023, but it remained relatively high at 30.32 days.

Subsequently, from June 30, 2023, to December 31, 2024, the DOH fluctuated around the mid-40s to mid-50s range, indicating potential challenges in managing inventory levels efficiently during this time.

Overall, the fluctuations in WEC Energy Group Inc's DOH suggest varying inventory management practices and may require further analysis to understand the underlying factors driving these changes.