Chemours Co (CC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.59 | 4.41 | 5.53 | 4.90 | 5.06 | |
| DOH | days | 79.45 | 82.80 | 65.97 | 74.46 | 72.10 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.59
= 79.45
The days of inventory on hand (DOH) for Chemours Co have shown fluctuations over the past five years. In 2023, the company had 79.45 days of inventory on hand, down from 82.80 days in 2022. This indicates that the company was able to manage its inventory more effectively in 2023 compared to the previous year.
Comparing 2023 to 2021, we see a significant increase in DOH from 65.97 days to 79.45 days. This suggests that in 2023, Chemours Co had a higher level of inventory on hand relative to its sales, which may indicate inefficiencies in managing inventory levels.
Looking back at 2020 and 2019, we observe relatively consistent DOH figures of 74.46 days and 72.10 days respectively. This stability suggests that Chemours Co was able to maintain a consistent level of inventory relative to its sales during those years.
Overall, the trend in the days of inventory on hand for Chemours Co shows some fluctuations, with a notable increase in 2023 compared to 2021. This metric is essential for evaluating the company's inventory management efficiency and impacts its working capital and liquidity position.
Peer comparison
Dec 31, 2023