Celanese Corporation (CE)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.08 | 4.12 | 3.68 | 3.20 | 2.92 | 4.46 | 4.34 | 4.55 | 4.29 | 5.30 | 5.04 | 5.00 | 5.03 | 4.80 | 4.76 | 5.00 | 5.10 | 5.48 | 5.47 | 5.57 | |
| DOH | days | 89.50 | 88.50 | 99.19 | 113.96 | 124.81 | 81.92 | 84.08 | 80.16 | 85.13 | 68.83 | 72.48 | 73.04 | 72.63 | 75.98 | 76.72 | 72.96 | 71.61 | 66.60 | 66.68 | 65.48 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.08
= 89.50
Celanese Corp's Days of Inventory on Hand (DOH) has fluctuated over the past eight quarters, ranging from a low of 89.25 days in Q1 2022 to a high of 140.53 days in Q4 2022. In the most recent quarter, Q4 2023, the company reported a DOH of 103.19 days, showing a slight decrease from the previous quarter.
The overall trend indicates some volatility in managing its inventory levels, with periods of both increasing and decreasing DOH. It is important for the company to strike a balance in maintaining sufficient inventory to meet demand while minimizing excess inventory holding costs. Further analysis is recommended to understand the factors influencing these fluctuations and to optimize inventory management strategies.
Peer comparison
Dec 31, 2023