APA Corporation (APA)

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		1.40	1.51	1.18	1.03	1.43	1.16	1.34	1.17	1.13	1.03	0.95	0.97	10.13	12.47	13.40	14.80	4.59	3.25	3.47	3.11
DOH	days	260.54	242.39	308.07	353.39	255.56	315.99	273.12	311.51	321.67	355.33	385.56	377.48	36.02	29.28	27.24	24.66	79.53	112.36	105.18	117.55

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.40
= 260.54

The data for APA Corporation's Days of Inventory on Hand (DOH) is not provided in the table. Without the specific values for DOH in each quarter, it is difficult to perform a detailed analysis of this metric. However, in general, Days of Inventory on Hand (DOH) is a measure of how many days, on average, a company holds its inventory before selling it. A lower DOH value typically indicates that a company is efficiently managing its inventory levels by quickly converting it into sales. Conversely, a higher DOH value might imply that a company is carrying excess inventory, potentially leading to increased storage costs or obsolescence risks.

To conduct a thorough analysis of APA Corporation's DOH, it would be necessary to have access to the actual DOH values for each quarter and compare them over time to identify any trends or deviations from the industry benchmarks. In the absence of this data, it's important for APA Corporation to monitor its inventory turnover and management practices to ensure optimal utilization of its resources and maintain healthy financial performance.