Crown Holdings Inc (CCK)
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 | 7.82 | 7.27 | 7.13 | 6.80 | 6.89 | 6.78 | 6.05 | 5.81 | 5.99 | 4.89 | 4.69 | 4.69 | 5.51 | 6.52 | 6.82 | 5.15 | 6.98 | 5.10 | 5.17 | 5.90 | |
| DOH | days | 46.65 | 50.23 | 51.19 | 53.68 | 52.98 | 53.87 | 60.29 | 62.80 | 60.89 | 74.65 | 77.77 | 77.88 | 66.20 | 55.98 | 53.51 | 70.94 | 52.28 | 71.57 | 70.62 | 61.82 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.82
= 46.65
Days of Inventory on Hand (DOH) provides insight into how efficiently a company manages its inventory. A lower DOH indicates that the company is selling its products quickly, while a higher DOH suggests slower sales turnover or overstocking.
Analyzing the DOH trend of Crown Holdings Inc over the last few quarters reveals fluctuations in inventory management. The DOH has ranged from a low of 46.65 days to a high of 77.88 days during the period from December 31, 2024, to March 31, 2022.
From December 31, 2024, to March 31, 2024, Crown Holdings Inc experienced a general decreasing trend in DOH, indicating more efficient inventory turnover. The DOH declined from 60.89 days to 53.68 days over this period.
However, in the subsequent quarters from June 30, 2024, to December 31, 2023, Crown Holdings Inc saw a slight increase in DOH, reaching a peak of 60.29 days on June 30, 2023, before dropping back to 52.98 days on December 31, 2023. This fluctuation may suggest challenges in managing inventory levels effectively.
Overall, the company's DOH has shown variability, indicating potential fluctuations in demand, production efficiency, or inventory management strategies. Further analysis of the underlying factors affecting inventory turnover could provide valuable insights into Crown Holdings Inc's operational performance and efficiency.
Peer comparison
Dec 31, 2024