Cogent Communications Group Inc (CCOI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 8.10 | 46.05 | — | — | |
| DOH | days | — | 45.05 | 7.93 | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Unfortunately, without specific data provided for days of inventory on hand (DOH) for Cogent Communications Holdings Inc over the years 2019 to 2023, it is not possible to conduct a detailed analysis of the trend in inventory management efficiency. DOH is a crucial ratio that helps assess how efficiently a company manages its inventory levels. A decreasing trend in DOH typically indicates that the company is improving its inventory management, optimizing its working capital, and reducing carrying costs. On the other hand, an increasing trend may suggest possible inefficiencies in inventory management, excess levels of inventory, or slower inventory turnover. For a more insightful analysis, it would be necessary to have the specific DOH figures for each year.
Peer comparison
Dec 31, 2023