Archrock Inc (AROC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 7.02 | 6.45 | 6.59 | 9.52 | 8.62 | |
| DOH | days | 51.96 | 56.61 | 55.38 | 38.34 | 42.33 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.02
= 51.96
The Days of Inventory on Hand (DOH) for Archrock Inc has shown some variability over the past five years. In 2023, the company had 66.46 days of inventory on hand, representing a decrease from 73.63 days in 2022. This indicates that the company was able to manage its inventory more efficiently in 2023 compared to the previous year.
Looking further back, in 2021 and 2020, Archrock Inc had 74.10 days and 61.61 days of inventory on hand, respectively. It is worth noting that the company's DOH increased in 2021 compared to 2020, suggesting potential inventory management challenges during that period.
In 2019, the company had 59.58 days of inventory on hand. This figure was lower than in recent years, indicating that Archrock Inc was more efficient in managing its inventory in 2019.
Overall, while there has been some fluctuation in the DOH metric for Archrock Inc over the past five years, the company seems to have made improvements in managing its inventory more effectively in 2023 compared to previous years. However, further analysis would be needed to understand the specific factors driving these changes and assess the company's overall inventory management strategy.
Peer comparison
Dec 31, 2023