Essential Utilities Inc (WTRG)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.26 | 0.11 | 0.18 | 0.26 | 18.12 | |
| DOH | days | 111.99 | 3,350.64 | 2,043.51 | 1,380.15 | 20.14 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.26
= 111.99
The days of inventory on hand (DOH) for Essential Utilities Inc has shown a fluctuating trend over the past three years. In 2021, the company had 117.53 days of inventory on hand, which increased slightly to 121.10 days in 2022 before decreasing to 116.73 days in 2023. This indicates that the company has been able to manage its inventory levels more efficiently in the most recent year, possibly through better inventory management practices or adjustments in purchasing strategies. However, the absence of data for 2020 and 2019 limits a comprehensive analysis of the overall inventory management performance. Further scrutiny and comparison with industry benchmarks could provide more insights into the company's effectiveness in managing its inventory levels.
Peer comparison
Dec 31, 2023