ArcBest Corp (ARCB)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		—	83.76	—	—	—	58.56	53.49	43.32	43.80	53.68	—	37.90	—	49.90	40.41	34.32	36.29	35.21	36.01	32.47
DOH	days	—	4.36	—	—	—	6.23	6.82	8.43	8.33	6.80	—	9.63	—	7.31	9.03	10.63	10.06	10.37	10.14	11.24

December 31, 2024 calculation

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

Days of inventory on hand (DOH) is a financial metric used to evaluate how efficiently a company manages its inventory by indicating the number of days it takes for a company to sell its average inventory during a specific period.

Analyzing the DOH trend of ArcBest Corp from March 31, 2020, to December 31, 2024, we can observe the following:
- The DOH decreased from 11.24 days on March 31, 2020, to 4.36 days on September 30, 2024. This decrease indicates that ArcBest Corp has been able to sell its inventory more quickly over time.
- There are occasional missing data points throughout the period, indicating possible gaps in the data recording or irregularities in inventory management reporting.
- The lowest DOH was recorded on September 30, 2024, at 4.36 days, suggesting that ArcBest Corp efficiently managed its inventory during that period.
- There are instances of fluctuation in the DOH over the years, which may reflect changes in the company's sales patterns, inventory management strategies, or industry conditions.

Overall, the decreasing trend in DOH for ArcBest Corp indicates improved inventory management efficiency, which can lead to reduced holding costs, minimized inventory obsolescence, and potentially higher profitability. However, it is essential for the company to consistently monitor and optimize its inventory management practices to sustain this positive trend.