Essential Utilities Inc (WTRG)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 9.20 | 8.24 | 6.09 | 8.13 | 11.89 | |
| DOH | days | 39.67 | 44.32 | 59.97 | 44.89 | 30.70 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 9.20
= 39.67
The days of inventory on hand (DOH) for Essential Utilities Inc have shown fluctuations over the past five years. As of December 31, 2020, the company held inventory for an average of 30.70 days before it was sold. This figure increased to 44.89 days by December 31, 2021, indicating a lengthening of the time it takes for the company to turn its inventory into sales.
The trend continued in 2022, with the DOH further increasing to 59.97 days, suggesting a significant slowdown in inventory turnover. However, by December 31, 2023, Essential Utilities Inc managed to decrease its DOH to 44.32 days, indicating some improvement in inventory management efficiency.
As of the most recent data available on December 31, 2024, the company's DOH stood at 39.67 days, showing a slight decrease compared to the previous year. Overall, the fluctuations in the DOH indicate varying levels of efficiency in managing inventory turnover, with the company making efforts to optimize its inventory management practices over the years.
Peer comparison
Dec 31, 2024