Xcel Energy Inc (XEL)

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		1.29	1.56	1.72	1.92	1.37	1.15	1.52	1.89	1.50	1.70	2.00	2.11	1.82	1.60	1.64	1.64	1.47	8.51	9.58	12.47
DOH	days	282.70	234.47	212.60	189.70	266.21	317.87	240.47	192.81	243.20	214.68	182.14	173.26	200.69	227.90	222.75	223.21	248.20	42.90	38.12	29.26

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.29
= 282.70

The days of inventory on hand (DOH) for Xcel Energy, Inc. have shown fluctuations over the past eight quarters. In Q4 2023, the DOH was 44.88 days, indicating an increase compared to the previous quarter. This suggests that the company held inventory for a longer period before selling it.

Overall, there appears to be a trend of increasing DOH from Q1 2022 to Q4 2023, with some fluctuations in between. This may imply potential issues such as excess inventory levels or slowing sales, which could tie up capital and lead to increased carrying costs.

It is important for Xcel Energy to monitor and manage its inventory levels effectively to ensure optimal working capital management and operational efficiency. Further analysis and comparison with industry benchmarks could provide valuable insights into the company's inventory management practices.