Century Aluminum Company (CENX)
Days of inventory on hand (DOH)
| Dec 31, 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.89 | 4.47 | 4.36 | 4.49 | 4.76 | 4.58 | 6.38 | 7.35 | 7.77 | 6.80 | 5.48 | 5.05 | 5.62 | 5.45 | 5.63 | 5.64 | 6.28 | 6.22 | 5.59 | 5.80 | |
| DOH | days | 93.94 | 81.63 | 83.79 | 81.37 | 76.62 | 79.65 | 57.19 | 49.69 | 46.98 | 53.65 | 66.55 | 72.32 | 65.00 | 66.96 | 64.83 | 64.72 | 58.11 | 58.64 | 65.34 | 62.90 |
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 shown fluctuations over the years based on the data provided.
In recent years, the DOH ranged from around 46.98 days to 93.94 days. The trend indicates that there was a decrease in DOH from December 31, 2022, where it was at its lowest at 46.98 days, to June 30, 2023, with a subsequent increase to 93.94 days by December 31, 2024.
The increase in DOH from the end of 2022 to the end of 2024 suggests that Century Aluminum Company may be struggling with managing its inventory efficiently. A higher DOH value typically indicates that the company is holding onto its inventory for a longer period, which can tie up capital and increase carrying costs.
Century Aluminum Company may need to review its inventory management practices to optimize its stock levels and improve the efficiency of its operations. By reducing the DOH, the company could potentially free up cash flow, improve profitability, and enhance its overall financial health.
Peer comparison
Dec 31, 2024