Chemours Co (CC)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Inventory turnover 3.15 3.22 3.38 3.32 3.49 3.61 3.38 3.41 3.69 3.95 4.21 4.38 4.52 4.73 4.33 4.08 4.16 4.11 3.91 3.94
DOH days 116.02 113.44 108.12 109.90 104.46 101.12 108.11 107.04 98.99 92.32 86.72 83.38 80.79 77.13 84.26 89.40 87.84 88.83 93.34 92.60

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 some fluctuations over the period from March 31, 2020, to December 31, 2024. The DOH indicates the number of days a company holds onto its inventory before selling it, reflecting its efficiency in managing inventory levels.

From March 31, 2020, to December 31, 2021, the DOH decreased gradually from 92.60 days to 80.79 days, suggesting improved inventory management during this period. However, from March 31, 2022, the DOH started to increase, reaching its peak at 116.02 days by December 31, 2024. This significant increase in DOH could indicate potential issues such as overstocking, slowing sales, or inefficiencies in inventory management.

Analyzing the trend of DOH can provide insights into the company's production, sales, and inventory management processes. A rising DOH may require further investigation to understand the underlying reasons and potential actions to address any inefficiencies in inventory management.