Albemarle Corp (ALB)

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		3.90	2.05	1.58	1.53	2.05	2.03	2.32	2.41	2.92	3.07	3.00	3.21	2.84	2.63	2.64	2.67	3.03	2.84	2.71	2.90
DOH	days	93.56	177.74	230.92	238.37	178.48	179.45	157.60	151.46	125.11	119.04	121.67	113.63	128.32	139.00	138.00	136.64	120.38	128.52	134.67	126.05

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.90
= 93.56

The days of inventory on hand (DOH) for Albemarle Corp. fluctuated over the past eight quarters. In Q1 2022, the DOH was 151.46 days, indicating the company held approximately 151.46 days' worth of inventory. Subsequently, there was an increase in the DOH in Q2 2022 to 157.60 days before a slight decrease in Q3 2022 to 179.45 days. The DOH decreased further in Q4 2022 to 178.48 days.

However, in Q1 2023, there was a significant increase in the DOH to 238.37 days, suggesting an increase in the amount of inventory held by Albemarle Corp. This was followed by a slight decrease in Q2 2023 to 230.92 days and another decrease in Q3 2023 to 177.74 days. Finally, in Q4 2023, the DOH decreased to 93.56 days.

Overall, fluctuations in Albemarle Corp.'s DOH may indicate changes in inventory management efficiency, production levels, or demand for the company's products. A decreasing trend in DOH may suggest improved inventory turnover and liquidity, while an increasing trend could indicate potential challenges in managing and selling inventory effectively. Further analysis of the company's operations and industry dynamics would be necessary to provide a more comprehensive assessment of the implications of these DOH variations.