Century Aluminum Company (CENX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.89 | 4.49 | 7.35 | 5.05 | 5.64 | |
| DOH | days | 93.94 | 81.37 | 49.69 | 72.32 | 64.72 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.89
= 93.94
The days of inventory on hand (DOH) for Century Aluminum Company has exhibited fluctuations over the years based on the data provided.
- As of December 31, 2020, the company had 64.72 days of inventory on hand, indicating that on average, it took around 65 days to sell its inventory.
- By December 31, 2021, the DOH had increased to 72.32 days, suggesting that the company took slightly longer to sell its inventory compared to the previous year.
- The DOH decreased to 49.69 days by December 31, 2022, which could imply more efficient inventory management or potentially higher sales during that period.
- However, by December 31, 2023, the DOH rose significantly to 81.37 days, indicating a longer period to sell inventory, which may raise concerns about potential inventory management issues or slowing sales.
- The trend continued, with DOH further increasing to 93.94 days by December 31, 2024, signaling a continued elongation in the time taken to sell inventory, which could lead to increased carrying costs and potential liquidity challenges for the company.
Overall, the fluctuations in Century Aluminum Company's days of inventory on hand suggest varying levels of efficiency in managing its inventory levels and sales over the years, which could have implications for the company's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024