ArcBest Corp (ARCB)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		—	75.02	43.96	38.80	36.34
DOH	days	—	4.87	8.30	9.41	10.04

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The days of inventory on hand (DOH) for ArcBest Corp has been showing a decreasing trend over the years. From 10.04 days as of December 31, 2020, it decreased to 9.41 days by December 31, 2021, further dropping to 8.30 days by December 31, 2022, and significantly reducing to 4.87 days as of December 31, 2023. It is important to note that the data for December 31, 2024, is not available.

This decreasing trend in DOH indicates that ArcBest Corp has been improving its inventory management efficiency, as it is taking fewer days to sell its inventory. Lower DOH values suggest the company is selling its inventory faster, which can lead to reduced holding costs and potential risks associated with obsolete inventory.

However, it is also essential to consider the context of the industry wherein the company operates and any specific operational changes that may have influenced these improvements in inventory turnover. Further analysis of other financial ratios and the company's overall financial performance would provide a more comprehensive understanding of ArcBest Corp's operational effectiveness and efficiency.