Colgate-Palmolive Company (CL)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		4.00	4.20	3.72	4.16	3.86
DOH	days	91.34	86.82	98.07	87.65	94.61

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.00
= 91.34

Colgate-Palmolive Company's days of inventory on hand (DOH) has exhibited some fluctuations over the five-year period from December 31, 2020, to December 31, 2024.

On December 31, 2020, the company had 94.61 days of inventory on hand, indicating that, on average, it took them roughly 94.61 days to sell their inventory.

By December 31, 2021, the DOH had decreased to 87.65 days, suggesting that the company was managing its inventory more efficiently.

However, the trend reversed in 2022, with the DOH rising to 98.07 days, signifying that it took longer for Colgate-Palmolive to sell its inventory compared to the previous year.

In the subsequent years, there was some improvement in inventory management as the DOH decreased to 86.82 days by the end of 2023 and further to 91.34 days by the end of 2024.

Overall, the company's DOH reflects fluctuations in inventory management efficiency, with efforts to decrease the number of days inventory is held observed in some years, while facing challenges in others.