Consolidated Edison (Consolidated Edison) Days Inventory : 24.71 (As of Dec. 2023)

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What is Consolidated Edison Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Consolidated Edison's Average Total Inventories for the three months ended in Dec. 2023 was $462 Mil. Consolidated Edison's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,706 Mil. Hence, Consolidated Edison's Days Inventory for the three months ended in Dec. 2023 was 24.71.

The historical rank and industry rank for Consolidated Edison's Days Inventory or its related term are showing as below:

ED' s Days Inventory Range Over the Past 10 Years
Min: 17.18 Med: 21.27 Max: 25.35
Current: 22.94

During the past 13 years, Consolidated Edison's highest Days Inventory was 25.35. The lowest was 17.18. And the median was 21.27.

ED's Days Inventory is ranked worse than
50.97% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs ED: 22.94

Consolidated Edison's Days Inventory increased from Dec. 2022 (20.68) to Dec. 2023 (24.71). It might indicate that Consolidated Edison's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Consolidated Edison's Inventory Turnover for the three months ended in Dec. 2023 was 3.69.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Consolidated Edison's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.13.

Consolidated Edison Days Inventory Historical Data

The historical data trend for Consolidated Edison's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Consolidated Edison Days Inventory Chart

Consolidated Edison Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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22.31

25.35

24.09

21.23

24.16

Consolidated Edison Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															20.68	18.67	27.01	22.09	24.71

Competitive Comparison of Consolidated Edison's Days Inventory

For the Utilities - Regulated Electric subindustry, Consolidated Edison's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Consolidated Edison's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Consolidated Edison's Days Inventory distribution charts can be found below:

* The bar in red indicates where Consolidated Edison's Days Inventory falls into.

Consolidated Edison Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Consolidated Edison's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (492	+	469)	/	2 )	/	7258	*	365
=	480.5					/	7258	*	365
=	24.16

Consolidated Edison's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (455	+	469)	/	2 )	/	1706	*	365 / 4
=	462					/	1706	*	365 / 4
=	24.71

Consolidated Edison (NYSE:ED) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Consolidated Edison's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1706	/	462
	=	3.69

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Consolidated Edison's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	462	/	3444
	=	0.13

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Consolidated Edison Days Inventory Related Terms

Thank you for viewing the detailed overview of Consolidated Edison's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Consolidated Edison (Consolidated Edison) Business Description

Industry

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Traded in Other Exchanges

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Address

4 Irving Place, Room 700, New York, NY, USA, 10003

Website

https://www.conedison.com

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.

Executives

Christina Ho	officer: VP, Strategic Planning	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Deneen L Donnley	officer: SVP and General Counsel	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Stuart Nachmias	officer: President & CEO CET	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert Sanchez	officer: SVP, Corporate Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Timothy Cawley	officer: President & CEO, O&R	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert N Hoglund	officer: Senior Vice President Finance	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Joseph Miller	officer: VP & Controller	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Nancy Shannon	officer: SVP, Utility Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Matthew Ketschke	officer: President CECONY	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Gurudatta D Nadkarni	officer: Vice President	4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003
Jennifer Hensley	officer: SVP, Corporate Affairs	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Frances Resheske	officer: Senior VP Public Affairs	4 IRVING PLACE, NEW YORK NY 10003
De La Bastide Lore	officer: SVP, Utility Shared Services	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
John Mcavoy	officer: President & CEO, O&R	4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Yukari Saegusa	officer: Vice President and Treasurer	4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003