Baker Hughes Co (BKR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.63 | 0.75 | 0.72 | 4.51 | 0.77 | |
| DOH | days | 576.35 | 486.00 | 506.39 | 80.85 | 475.25 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.63
= 576.35
Based on the data provided, Baker Hughes Co's days of inventory on hand (DOH) has shown some variability over the past five years. The trend indicates fluctuations in the efficiency of managing inventory levels.
In 2023, the DOH decreased to 91.80 days compared to 99.92 days in 2022. This may suggest that the company was able to sell its inventory more quickly in 2023, potentially due to improved inventory management or increased demand for its products.
In 2021, the DOH was at 88.27 days, which was lower compared to 92.18 days in 2020. This indicates that the company was more efficient in managing its inventory levels in 2021.
The DOH was relatively consistent in 2019 at 86.67 days, showing stability in inventory management during that year.
Overall, the fluctuation in the DOH over the past five years indicates that Baker Hughes Co has experienced varying levels of efficiency in managing its inventory. Further analysis of the reasons behind these fluctuations and their impact on the company's overall financial performance would provide more insights into the effectiveness of its inventory management strategies.
Peer comparison
Dec 31, 2023