APA Corporation (APA)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 1.30 1.43 1.60 10.07 7.61
DOH days 281.61 255.56 227.74 36.26 47.99

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.30
= 281.61

As the information for APA Corporation's days of inventory on hand (DOH) is not provided in the table, it is not possible to conduct a detailed analysis of this specific ratio for the years from 2019 to 2023. DOH is a financial metric that indicates the number of days a company holds its inventory before selling it.

To calculate DOH, the formula is:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in the Period

Without the specific values for average inventory and cost of goods sold, we cannot determine the DOH for each year. An upward trend in DOH could suggest inefficiencies in inventory management, such as overstocking or slow-moving inventory. Conversely, a declining trend may indicate effective inventory management practices.

If the data for inventory and cost of goods sold were available, a more in-depth analysis could be performed to evaluate APA Corporation's inventory turnover and efficiency in managing its inventory levels over the years.


Peer comparison

Dec 31, 2023


See also:

APA Corporation Average Inventory Processing Period