Alaska Air Group Inc (ALK)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		68.10	77.46	86.79	87.56	88.97
DOH	days	5.36	4.71	4.21	4.17	4.10

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 68.10
= 5.36

To analyze Alaska Air Group Inc.'s days of inventory on hand (DOH), we need the inventory balance for each year along with the cost of goods sold (COGS) figure to calculate the DOH ratio. Unfortunately, the table provided does not contain the specific inventory and COGS data required for this calculation. The DOH ratio is a measure of how many days it takes for a company to turn its inventory into sales, indicating the liquidity and efficiency of its inventory management.

To provide a more detailed analysis, access to additional financial data would be necessary. In general, a lower DOH ratio is typically favorable as it signifies a faster turnover of inventory, indicating efficient inventory management and potentially lower holding costs. Conversely, a high DOH ratio may suggest slow-moving or obsolete inventory, which could lead to higher carrying costs and potential liquidity issues.

For a more in-depth assessment of Alaska Air Group Inc.'s inventory management efficiency over the years, it would be beneficial to obtain the specific inventory and COGS figures to calculate the DOH ratio and compare trends over time.