CDW Corp (CDW)

Days of inventory on hand (DOH)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Inventory turnover 29.83 27.80 21.08 23.03 27.69
DOH days 12.24 13.13 17.32 15.85 13.18

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 29.83
= 12.24

The days of inventory on hand (DOH) for CDW Corp have fluctuated over the past five years. In 2023, CDW Corp had an average of 14.58 days worth of inventory on hand, slightly lower than the 15.32 days in 2022. This suggests an improvement in inventory management efficiency for the company in the most recent period.

Comparing to earlier years, in 2021 and 2020, CDW Corp's DOH was higher at 19.62 days and 18.18 days respectively, indicating that the company was holding onto its inventory for a longer period before selling it. This may have tied up capital and potentially led to increased holding costs.

In 2019, the DOH was 14.88 days, similar to the current period in 2023. This indicates that CDW Corp has been able to maintain a relatively stable level of inventory on hand over the past few years.

Overall, the trend towards lower DOH in the most recent period reflects potential improvements in inventory management efficiency and the company's ability to better control its inventory levels. It is important for CDW Corp to continue monitoring and optimizing its inventory practices to ensure optimal operational performance and financial health.