Consol Energy Inc (CEIX)
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 | 4.14 | 3.67 | 3.59 | 3.62 | 5.47 | 4.79 | 5.14 | 5.81 | 4.47 | 4.53 | 3.25 | 2.44 | 2.22 | 1.25 | 1.18 | 1.29 | 1.38 | 1.60 | 1.53 | 1.66 | |
| DOH | days | 88.24 | 99.36 | 101.72 | 100.87 | 66.78 | 76.25 | 70.95 | 62.82 | 81.64 | 80.53 | 112.30 | 149.88 | 164.76 | 292.44 | 309.75 | 282.88 | 263.61 | 227.46 | 238.67 | 219.60 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.14
= 88.24
Based on the table provided, there is missing data for the days of inventory on hand (DOH) for Consol Energy Inc for all quarters in 2023 and 2022. Without this specific information, a comprehensive analysis of the trend or comparison cannot be conducted.
To evaluate the efficiency of managing inventory, it is crucial to calculate the DOH by dividing the average inventory by the cost of goods sold and multiplying that result by the number of days in the period. This ratio helps assess the company's ability to control and sell its inventory effectively.
In future analyses, it would be beneficial to acquire the missing data to track the trend of Consol Energy Inc's DOH over time and compare it to industry benchmarks to understand the company's inventory management performance.
Peer comparison
Dec 31, 2023