Crown Holdings Inc (CCK)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 7.04 6.11 7.05 8.71 6.05
DOH days 51.82 59.75 51.75 41.88 60.32

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.04
= 51.82

The days of inventory on hand (DOH) for Crown Holdings, Inc. has shown a fluctuating trend over the past five years. In 2023, the company had 61.67 days of inventory on hand, a decrease from the previous year. This suggests that the company was more efficient in managing its inventory levels in 2023 compared to 2022.

However, when comparing 2023 to 2019, there has been a gradual increase in the days of inventory on hand over the five-year period. This indicates that the company may be carrying more inventory relative to its sales, which could tie up working capital and potentially lead to higher carrying costs.

It's important for Crown Holdings, Inc. to closely monitor and optimize their inventory management practices to ensure a balance between having enough inventory to meet demand while avoiding excess carrying costs. Further analysis of specific inventory turnover ratios and industry benchmarks could provide deeper insights into the efficiency of the company's inventory management strategies.


Peer comparison

Dec 31, 2023

Company name
Symbol
DOH
Crown Holdings Inc
CCK
51.82
Ball Corporation
BALL
47.13
Silgan Holdings Inc
SLGN
63.11