Celanese Corporation (CE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.08 | 2.92 | 4.29 | 5.03 | 5.11 | |
| DOH | days | 89.50 | 124.81 | 85.13 | 72.63 | 71.48 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.08
= 89.50
The days of inventory on hand (DOH) for Celanese Corp has fluctuated over the past five years, indicating potential changes in inventory management efficiency. In 2023, the DOH decreased to 103.19 days from 140.53 days in 2022, which suggests an improvement in inventory turnover efficiency. This may indicate better inventory control and potentially lower carrying costs.
Comparing the 2023 DOH with previous years, it is higher than in 2021 (95.01 days) and 2020 (81.84 days), indicating that Celanese Corp may be holding more inventory relative to sales levels. However, the current DOH is still lower than the 2019 level of 80.77 days.
Overall, the fluctuation in DOH over the past five years suggests that Celanese Corp has been actively managing its inventory levels, although the recent increase in DOH compared to 2021 and 2020 warrants further monitoring to ensure optimal inventory management practices.
Peer comparison
Dec 31, 2023