Clean Harbors Inc (CLH)

The days of inventory on hand (DOH) for Clean Harbors Inc has shown a decreasing trend over the past five years. As of December 31, 2020, the company had an inventory turnover rate of 30.53 days, which decreased to 28.67 days by December 31, 2021. This trend continued as the DOH further decreased to 28.01 days by December 31, 2022, and to 26.60 days by December 31, 2023. However, there was a slight increase in the DOH to 28.68 days by December 31, 2024.

A decreasing DOH indicates that the company is managing its inventory more efficiently, possibly by selling products more quickly or adjusting inventory levels to meet demand more effectively. This trend suggests that Clean Harbors Inc may have implemented better inventory management practices over the years, leading to improved operational performance and potentially reducing carrying costs associated with excess inventory. It is essential for the company to continue monitoring its inventory levels to ensure alignment with customer demand and avoid stockouts or excess carrying costs.