Xcel Energy Inc (XEL)

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		14.44	16.32	15.57	14.61	12.57	13.08	15.10	16.65	11.77	10.24	13.17	16.46	12.95	13.32	15.13	15.29	12.27	12.62	13.21	13.27
DOH	days	25.28	22.37	23.44	24.99	29.03	27.91	24.17	21.92	31.02	35.63	27.71	22.18	28.18	27.41	24.12	23.88	29.76	28.93	27.64	27.51

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.44
= 25.28

Days of Inventory on Hand (DOH) is a financial metric that indicates the average number of days a company holds its inventory before selling it. For Xcel Energy Inc, the trend in DOH over the specified period can provide insights into the company's inventory management efficiency.

Analyzing the data provided, we observed fluctuations in Xcel Energy Inc's DOH from March 31, 2020, to December 31, 2024. The DOH ranged from a low of 21.92 days on March 31, 2023, to a high of 35.63 days on September 30, 2022.

During the period, the DOH generally showed some variability, possibly influenced by factors such as changes in demand for the company's products, inventory turnover rates, and supply chain disruptions. Specifically, a lower DOH suggests that Xcel Energy Inc is efficiently managing its inventory levels, leading to a faster turnover of goods.

It is noteworthy that Xcel Energy Inc experienced a significant decrease in DOH from September 30, 2022, to March 31, 2023, indicating improved inventory management efficiency during that period. However, the DOH increased again in subsequent quarters, reaching 25.28 days on December 31, 2024.

Overall, further analysis of Xcel Energy Inc's operational strategies, market conditions, and industry norms would be beneficial to better understand the reasons behind the fluctuations in its DOH and to assess the company's inventory management effectiveness in a broader context.