Century Aluminum Company (CENX)
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 | 4.49 | 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 | 6.14 | 5.95 | 6.04 | |
| DOH | days | 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 | 59.48 | 61.30 | 60.39 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.49
= 81.37
The Days of Inventory on Hand (DOH) for Century Aluminum Company has fluctuated over the past few years. The company's inventory management efficiency can be assessed by the number of days it takes to sell its inventory.
In the most recent quarter, as of December 31, 2023, the DOH was 81.37 days, indicating that the company held its inventory for approximately 81 days before selling it. This represents an increase from the previous quarter's 76.62 days. A higher DOH can suggest slower turnover of inventory or potential excess inventory levels.
Looking at the trend over the past few years, there have been fluctuations in DOH figures, with some quarters showing higher levels of inventory relative to others. Notably, in March 2020, the DOH was at a relatively high 65.34 days, followed by a decrease to 49.69 days by the end of that year, indicating improved inventory management during that period.
Overall, while fluctuations in DOH are normal for a manufacturing company like Century Aluminum Company, it is essential for the company to monitor and manage its inventory effectively to optimize its operations and financial performance. The company may benefit from strategies to streamline inventory levels and improve inventory turnover to enhance efficiency and profitability.
Peer comparison
Dec 31, 2023