Core Laboratories NV (CLB)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|---|
| Inventory turnover | 7.77 | 0.06 | 0.05 | 0.05 | |
| DOH | days | 46.98 | 6,486.80 | 6,919.66 | 6,994.45 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.77
= 46.98
The days of inventory on hand (DOH) for Core Laboratories NV have shown a significant fluctuation throughout the year 2024. Starting at 6,994.45 days on March 31, the DOH decreased to 6,919.66 days by June 30, further decreasing to 6,486.80 days by September 30. However, on December 31, the DOH experienced a drastic drop to 46.98 days.
This sudden decrease in the DOH on December 31 may suggest a more efficient management of inventory or a strategic decision to reduce excess inventory levels. It is essential for Core Laboratories NV to continue monitoring and managing their inventory levels effectively to ensure optimal resource utilization and operational efficiency.
Peer comparison
Dec 31, 2024