Chemours Co (CC)

Days of inventory on hand (DOH)

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Inventory turnover 3.15 3.49 3.69 4.52 4.16
DOH days 116.02 104.53 98.97 80.81 87.84

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.15
= 116.02

The days of inventory on hand (DOH) for Chemours Co have shown varying trends over the past five years. In December 2020, the company had an inventory holding period of 87.84 days, which decreased to 80.81 days by December 2021, indicating more efficient inventory management.

However, the trend reversed in the following years, with the DOH increasing to 98.97 days by December 2022, 104.53 days by December 2023, and further to 116.02 days by December 2024. These higher DOH figures suggest that Chemours Co may be facing challenges in managing its inventory efficiently, potentially leading to increased storage costs and reduced liquidity.

It is important for the company to closely monitor its inventory levels and implement strategies to optimize inventory turnover in order to improve its working capital efficiency and overall financial performance.