Xcel Energy Inc (XEL)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.95 | 11.63 | 11.77 | 12.95 | 12.27 | |
| DOH | days | 33.33 | 31.37 | 31.02 | 28.18 | 29.76 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.95
= 33.33
To assess Xcel Energy Inc's Days of Inventory on Hand (DOH) performance over the past five years, we observe a minor decrease from 29.76 days on December 31, 2020, to 28.18 days on December 31, 2021. However, this trend reversed in the subsequent years, with DOH rising to 31.02 days by December 31, 2022, further increasing to 31.37 days by December 31, 2023, and reaching 33.33 days by December 31, 2024.
The fluctuation in Xcel Energy Inc's DOH indicates varying efficiencies in managing inventory levels. While the initial decrease in 2021 suggests potential improvements in inventory management, the subsequent increase from 2022 to 2024 indicates a longer holding period for inventory, possibly leading to increased carrying costs and tying up working capital. It is important for Xcel Energy Inc to monitor and optimize its inventory turnover to strike a balance between ensuring product availability and minimizing excess inventory holding costs.
Peer comparison
Dec 31, 2024