ArcBest Corp (ARCB)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	43.96	38.80	36.34	47.66
DOH	days	—	8.30	9.41	10.04	7.66

December 31, 2023 calculation

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

To analyze ArcBest Corp's days of inventory on hand (DOH) using the provided data, we need the values of inventory and cost of goods sold to calculate the DOH ratio. Without this data available, it is not possible to calculate or interpret the trend in ArcBest Corp's DOH over the past five years. The DOH ratio is a key metric that indicates how many days a company takes to sell its average inventory. A lower DOH typically signifies efficient inventory management, while a higher DOH may suggest slower inventory turnover.

To perform a thorough analysis of ArcBest Corp's DOH, it would be helpful to have the specific inventory and cost of goods sold figures for each year. With this information, we could calculate the DOH ratio for each year and assess any trends or changes in inventory management efficiency over time. Additionally, benchmarking the DOH ratio against industry averages or competitors could provide further insights into ArcBest Corp's inventory management performance.

In conclusion, further data on inventory and cost of goods sold is required to conduct a meaningful analysis of ArcBest Corp's days of inventory on hand ratio.