Peabody Energy Corp (BTU)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 1.97 | 1.99 | 2.23 | 2.01 | 2.25 | 1.64 | 1.81 | 1.72 | 2.04 | 2.17 | 2.17 | 8.08 | 7.52 | 5.90 | 6.32 | 1.76 | 1.13 | 0.33 | 0.20 | 0.20 | |
| DOH | days | 185.56 | 183.28 | 163.48 | 181.84 | 162.20 | 223.07 | 201.90 | 212.32 | 179.22 | 168.57 | 168.44 | 45.15 | 48.52 | 61.88 | 57.78 | 207.60 | 321.72 | 1,120.85 | 1,854.36 | 1,859.63 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.97
= 185.56
The days of inventory on hand (DOH) ratio for Peabody Energy Corp has shown significant fluctuations over the past few years. From Mar 31, 2019, to Jun 30, 2022, the company experienced elevated levels of DOH, indicating a relatively high amount of inventory held by the company. This could potentially be due to various factors such as slow inventory turnover, excess inventory levels, or changes in demand patterns.
However, in more recent periods, specifically from Mar 31, 2021, to Dec 31, 2023, the DOH ratio has decreased significantly. This could suggest improvements in inventory management practices, better demand forecasting, or more efficient operations leading to lower inventory levels. Notably, the DOH ratio plummeted from Jun 30, 2022, to Mar 31, 2023, before increasing slightly in the subsequent period.
Overall, monitoring the DOH ratio for Peabody Energy Corp will be crucial to assess the company's efficiency in managing its inventory levels going forward. A lower DOH ratio can indicate improved liquidity, reduced storage costs, and potentially higher profitability, while a higher DOH ratio may signal inefficiencies in managing inventory that could impact cash flow and profitability.
Peer comparison
Dec 31, 2023