Allegheny Technologies Incorporated (ATI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.56 | 5.40 | 2.61 | 2.36 | 2.70 | |
| DOH | days | 142.57 | 67.54 | 139.80 | 154.83 | 135.33 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.56
= 142.57
Based on the provided data, Allegheny Technologies Incorporated's days of inventory on hand (DOH) has fluctuated over the years.
- As of December 31, 2020, the company had 135.33 days of inventory on hand. This indicates that, on average, it took the company approximately 135 days to sell its inventory.
- By December 31, 2021, the DOH increased to 154.83 days, suggesting an increase in the time it took for the company to turn its inventory into sales.
- The DOH decreased to 139.80 days by December 31, 2022, indicating a slight improvement in the efficiency of the company's inventory management.
- A significant decrease occurred by December 31, 2023, with the DOH dropping to 67.54 days. This suggests a marked improvement in the company's inventory turnover efficiency, potentially resulting in lower carrying costs and better liquidity.
- However, by December 31, 2024, the DOH increased again to 142.57 days, indicating a reversal in the trend of inventory management efficiency.
Overall, the trend in Allegheny Technologies Incorporated's DOH shows variable performance in inventory management over the years, with fluctuations impacting the company's operational efficiency and financial health.