Crown Holdings Inc (CCK)
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 | 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 | 6.05 | 5.63 | 5.37 | 5.35 | |
| DOH | days | 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 | 60.32 | 64.86 | 67.91 | 68.16 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.89
= 52.98
The days of inventory on hand (DOH) for Crown Holdings, Inc. have shown a fluctuating trend over the past eight quarters. In Q4 2023, the DOH decreased slightly to 61.67 days from 61.91 days in the previous quarter. This represents a potential improvement in inventory management efficiency.
Comparing the current DOH to the same period last year, there has been a noticeable decrease from 69.07 days in Q4 2022. This suggests that the company may have made efforts to streamline its inventory management processes over the past year.
Despite the recent decrease, the DOH remains relatively stable within a range of around 60 to 70 days over the quarters, with occasional spikes seen in Q2 and Q3 of 2022. These spikes may indicate seasonal variations or specific factors influencing inventory levels during those periods.
Overall, monitoring the DOH can provide insights into Crown Holdings, Inc.'s inventory management effectiveness and operational efficiency, which are critical aspects of its financial performance and sustainability.
Peer comparison
Dec 31, 2023