Axalta Coating Systems Ltd (AXTA)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.11 | 5.50 | 6.10 | 6.33 | 7.01 | |
| DOH | days | 59.75 | 66.34 | 59.88 | 57.65 | 52.09 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.11
= 59.75
The days of inventory on hand (DOH) for Axalta Coating Systems Ltd have shown some fluctuations over the past five years.
In 2023, the DOH decreased to 75.86 days from 87.37 days in 2022, indicating that the company was able to sell its inventory more quickly in the most recent period. This could be a positive sign of efficient inventory management.
Comparing the DOH to 2021 and 2020, there was a slight improvement from 81.83 days and 83.15 days, respectively. However, the DOH is still higher compared to 2019, where it was at 74.00 days.
Overall, the trend in the DOH suggests that Axalta Coating Systems Ltd may have made some improvements in managing its inventory levels in recent years, resulting in a shorter time taken to sell its inventory. Further analysis of the company's inventory turnover ratio and industry benchmarks would provide additional insights into the effectiveness of its inventory management strategies.
Peer comparison
Dec 31, 2023