Celanese Corporation (CE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.47 | 3.54 | 2.60 | 3.84 | 4.46 | |
| DOH | days | 105.21 | 103.19 | 140.53 | 95.01 | 81.84 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.47
= 105.21
The days of inventory on hand (DOH) for Celanese Corporation has shown a fluctuating trend over the past five years.
As of December 31, 2020, the company had 81.84 days of inventory on hand, indicating that it took approximately 81.84 days to sell its inventory.
By December 31, 2021, the DOH increased to 95.01 days, suggesting a slower turnover of inventory compared to the previous year.
The trend continued to rise significantly by December 31, 2022, reaching 140.53 days, which could indicate potential issues with inventory management or slower demand for the company's products.
However, there was a slight decrease in DOH by December 31, 2023, where the company had 103.19 days of inventory on hand, possibly reflecting some improvement in managing inventory levels.
By the end of December 31, 2024, the DOH increased slightly to 105.21 days, indicating that the company still holds inventory for an average of 105.21 days before it is sold.
Overall, the analysis suggests that Celanese Corporation has experienced varying levels of inventory turnover efficiency over the past five years, which could merit further investigation into the company's supply chain management practices and overall demand for its products.
Peer comparison
Dec 31, 2024