Celanese Corporation (CE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.50 | 3.17 | 3.30 | 3.49 | 3.54 | 3.57 | 3.20 | 2.81 | 2.60 | 3.99 | 3.90 | 4.09 | 3.84 | 4.76 | 4.52 | 4.45 | 4.46 | 4.26 | 4.22 | 4.41 | |
| DOH | days | 104.29 | 115.18 | 110.45 | 104.65 | 103.19 | 102.22 | 113.99 | 129.94 | 140.53 | 91.37 | 93.61 | 89.25 | 95.01 | 76.69 | 80.82 | 81.99 | 81.84 | 85.71 | 86.49 | 82.76 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.50
= 104.29
The days of inventory on hand (DOH) for Celanese Corporation have shown some fluctuations over the past few years. From March 31, 2020, to June 30, 2021, the DOH ranged between 80 to 90 days, indicating that the company was holding inventory for around three months or less on average. This suggests efficient inventory management during this period.
However, starting from December 31, 2021, the DOH increased significantly to 95.01 days, reaching a peak at 140.53 days by the end of December 31, 2022. This sharp increase in DOH may indicate potential issues such as slow-moving inventory, overstocking, or challenges in demand forecasting.
Subsequently, there was a slight decrease in DOH by March 31, 2023, followed by a more significant drop over the next few quarters, reaching 104.29 days by December 31, 2024. This downward trend may suggest efforts to address the high inventory levels previously observed.
Overall, monitoring the DOH can provide insights into Celanese Corporation's inventory management efficiency and effectiveness in balancing inventory levels with customer demand. Further analysis of the underlying reasons for fluctuations in DOH can help identify areas for improvement in the company's supply chain and operational processes.
Peer comparison
Dec 31, 2024