FirstEnergy (FirstEnergy) Days Inventory

: 43.82 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). FirstEnergy's Average Total Inventories for the three months ended in Dec. 2023 was $497 Mil. FirstEnergy's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,034 Mil. Hence, FirstEnergy's Days Inventory for the three months ended in Dec. 2023 was 43.82.

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

FE' s Days Inventory Range Over the Past 10 Years
Min: 24.42 Med: 36.1 Max: 63.44
Current: 36.45

During the past 13 years, FirstEnergy's highest Days Inventory was 63.44. The lowest was 24.42. And the median was 36.10.

FE's Days Inventory is ranked worse than
67.53% of 465 companies
in the Utilities - Regulated industry
Industry Median: 22.67 vs FE: 36.45

FirstEnergy's Days Inventory increased from Dec. 2022 (28.14) to Dec. 2023 (43.82). It might indicate that FirstEnergy's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. FirstEnergy's Inventory Turnover for the three months ended in Dec. 2023 was 2.08.

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. FirstEnergy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.16.

FirstEnergy Days Inventory Historical Data

The historical data trend for FirstEnergy'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.

FirstEnergy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

28.41

35.55

30.57

27.06

36.65

FirstEnergy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																28.14	31.87	39.98	32.12	43.82

Competitive Comparison

For the Utilities - Regulated Electric subindustry, FirstEnergy'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.

FirstEnergy Days Inventory Distribution

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

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

FirstEnergy Days Inventory Calculation

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

FirstEnergy'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
=	( (421	+	512)	/	2 )	/	4646	*	365
=	466.5					/	4646	*	365
=	36.65

FirstEnergy'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
=	( (481	+	512)	/	2 )	/	1034	*	365 / 4
=	496.5					/	1034	*	365 / 4
=	43.82

FirstEnergy (NYSE:FE) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1034	/	496.5
	=	2.08

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	496.5	/	3146
	=	0.16

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.

FirstEnergy Days Inventory Related Terms

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

FirstEnergy (FirstEnergy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » FirstEnergy Corp (NYSE:FE) » Definitions » Days Inventory

Comparable Companies

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

Traded in Other Exchanges

FE7:Germany

Address

76 South Main Street, Akron, OH, USA, 44308

Website

https://www.firstenergycorp.com

FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.

Executives

Christine Walker	officer: VP, Human Resources	76 SOUTH MAIN STREET, AKRON OH 44308
Brian X Tierney	director, officer: President and CEO	76 S. MAIN ST., AKRON OH 44308
Jana T Croom	director	1205 KIMBALL BLVD., JASPER IN 47546
Sean Klimczak	director	C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Paul J Kaleta	director	P O BOX 30150, RENO NV 89520
Lisa Winston Hicks	director	76 S. MAIN ST, AKRON OH 44308
Melvin D. Williams	director	76 SOUTH MAIN STREET, AKRON OH 44308
Jesse Lynn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Andrew Teno	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Somerhalder John W Ii	director, officer: Vice Chair & Exec Director	76 SOUTH MAIN STREET, AKRON OH 44308
Hyun Park	officer: SVP & CLO	76 SOUTH MAIN STREET, AKRON OH 44308
Christopher D Pappas	director	C/O 76 SOUTH MAIN STREET, AKRON OH 44308
Leila L Vespoli	officer: Sr. Vice Pres & Gen. Counsel	C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
James F Pearson	officer: Treasurer	76 SOUTH MAIN STREET, AKRON OH 44308
Leslie M Turner	director	THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17036