Eversource Energy (Eversource Energy) Days Inventory : 30.02 (As of Dec. 2023)

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What is Eversource Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eversource Energy's Average Total Inventories for the three months ended in Dec. 2023 was $477 Mil. Eversource Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,448 Mil. Hence, Eversource Energy's Days Inventory for the three months ended in Dec. 2023 was 30.02.

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

ES' s Days Inventory Range Over the Past 10 Years
Min: 17.03 Med: 21.63 Max: 31.59
Current: 22.29

During the past 13 years, Eversource Energy's highest Days Inventory was 31.59. The lowest was 17.03. And the median was 21.63.

ES's Days Inventory is ranked better than
50.75% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs ES: 22.29

Eversource Energy's Days Inventory increased from Dec. 2022 (17.83) to Dec. 2023 (30.02). It might indicate that Eversource Energy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eversource Energy's Inventory Turnover for the three months ended in Dec. 2023 was 3.04.

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. Eversource Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.18.

Eversource Energy Days Inventory Historical Data

The historical data trend for Eversource Energy'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.

* Premium members only.

Eversource Energy Days Inventory Chart

Eversource Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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19.62

20.47

19.03

17.03

22.78

Eversource Energy 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															17.83	15.44	23.82	23.28	30.02

Competitive Comparison of Eversource Energy's Days Inventory

For the Utilities - Regulated Electric subindustry, Eversource Energy'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.

Eversource Energy's Days Inventory Distribution in the Utilities - Regulated Industry

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

* The bar in red indicates where Eversource Energy's Days Inventory falls into.

Eversource Energy Days Inventory Calculation

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

Eversource Energy'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
=	( (374.4	+	507.3)	/	2 )	/	7063.944	*	365
=	440.85					/	7063.944	*	365
=	22.78

Eversource Energy'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
=	( (445.81	+	507.3)	/	2 )	/	1448.469	*	365 / 4
=	476.555					/	1448.469	*	365 / 4
=	30.02

Eversource Energy (NYSE:ES) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1448.469	/	476.555
	=	3.04

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	476.555	/	2694.205
	=	0.18

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.

Eversource Energy Days Inventory Related Terms

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

Eversource Energy (Eversource Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Eversource Energy (NYSE:ES) » Definitions » Days Inventory

Comparable Companies

PPL FE AEE ETR DTE CNP CMS WEC EIX AGR NEE SO DUK LSE:NG. AEP PCG D BOM:532555 EXC PEG

Traded in Other Exchanges

1ES:Italy NWJ:Germany NWJ:Germany E1SE34:Brazil

Address

300 Cadwell Drive, Springfield, MA, USA, 1104

Website

https://www.eversource.com

Eversource Energy is a diversified holding company with subsidiaries that provide rate-regulated electric, gas, and water distribution service to more than 4 million customers in the Northeast U.S. The company expanded its service territories with acquisitions of NStar (2012), Aquarion (2017), and Columbia Gas (2020). Eversource is exiting its 50% partnership with European utility Orsted to develop 2 gigawatts of offshore wind projects in the Northeast U.S. The company exited most of its unregulated businesses in 2006.

Executives

Van Faasen William C	other: Trustee	1499 POST ROAD, FAIRFIELD CT 06824
Gregory B Butler	officer: Sr. V.P. & Gen. Counsel	EVERSOURCE ENERGY, 56 PROSPECT STREET, HARTFORD CT 06103
Daniel J Nova	other: Trustee	C/O HIGHLAND CAPITAL PARTNERS INC, TWO INTERNATIONAL PLACE, BOSTON MA 02110
Linda Dorcena Forry	other: Trustee	C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104
Loretta D. Keane	other: Trustee	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Penelope M Conner	officer: EVP-Cust Exp & Energy Strategy	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Christine M Carmody	officer: SVP - Human Resources	800 BOYLSTON STREET, BOSTON MA 02199
Frederica M Williams	other: Trustee	C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104
John M. Moreira	officer: EVP, CFO and Treasurer	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Hunt James W Iii	officer: EVP-Corp Rel & Sustainability	300 CADWELL DRIVE, SPRINGFIELD MA 01104
Cleveland Cotton M	other: Trustee	EVERSOURCE ENERGY, 300 CADWELL DRIVE, SPRINGFIELD MA 01104
Jay Buth	officer: VP-Accounting and Controller	EVERSOURCE ENERGY, 107 SELDEN STREET, BERLIN CT 06037
James S Distasio	other: Trustee	C/O EVERSOURCE ENERGY, 300 CADWELL DRIVE, BOSTON MA 01104
David H. Long	other: Trustee	C/O EVERSOURCE ENERGY, 107 SELDEN STREET - LEGAL DEPT., BERLIN CT 06037
John Y Kim	other: Trustee	51 MADISON AVENUE, NEW YORK NY 10010