Chemours Co (CC)
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 | 4.40 | 4.73 | 4.30 | 4.18 | 4.53 | 4.84 | 5.17 | 5.34 | 5.53 | 5.87 | 5.41 | 4.81 | 4.90 | 4.56 | 4.35 | 4.38 | 4.62 | 3.97 | 3.96 | 4.22 | |
| DOH | days | 82.97 | 77.23 | 84.81 | 87.23 | 80.51 | 75.42 | 70.58 | 68.35 | 65.95 | 62.16 | 67.47 | 75.82 | 74.46 | 80.08 | 83.85 | 83.39 | 78.94 | 92.04 | 92.21 | 86.59 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.40
= 82.97
The days of inventory on hand (DOH) for Chemours Co have shown fluctuations over the past several quarters. The trend indicates that the company is carrying inventory for a varying number of days before it is sold.
Looking at the data, the DOH ranged from a low of 62.16 days in Sep 2021 to a high of 92.21 days in Sep 2019. The DOH has generally remained above 60 days, indicating that on average, the company holds inventory for a significant period before it is turned into sales revenue.
The recent DOH figures have been fluctuating between 75.42 days and 87.23 days, with a slight upward trend in the most recent quarters. This could suggest potential inefficiencies in inventory management, as higher DOH levels tie up cash flow and may indicate excess inventory levels or challenges in selling products promptly.
To improve performance, Chemours Co may need to focus on optimizing its inventory levels, streamlining supply chain processes, and enhancing demand forecasting to reduce the number of days inventory is held on hand.
Peer comparison
Dec 31, 2023