Colgate-Palmolive Company (CL)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.20	3.72	4.16	3.86	4.55
DOH	days	86.82	98.07	87.65	94.61	80.24

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.20
= 86.82

The days of inventory on hand (DOH) for Colgate-Palmolive Co. have shown some fluctuation over the past five years. In 2023, the company had 86.82 days worth of inventory on hand, a decrease from 98.07 days in 2022. This suggests that the company managed its inventory more efficiently in 2023 compared to the previous year. However, when compared to 2021 and 2020, where the DOH was 87.65 days and 94.61 days respectively, the current level remains relatively consistent.

Notably, in 2019, the company reported a DOH of 80.24 days, indicating a lower level of inventory on hand compared to the more recent years. Overall, while there have been some fluctuations, Colgate-Palmolive Co. appears to have maintained a relatively stable level of inventory on hand over the analyzed period, with a slight improvement in inventory management efficiency observed in 2023.