Clean Harbors Inc (CLH)
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 | 13.71 | 14.28 | 13.49 | 13.45 | 13.02 | 14.00 | 13.86 | 13.24 | 12.72 | 12.67 | 12.72 | 11.74 | 11.94 | 29.21 | 30.68 | 32.83 | 12.93 | 32.40 | 33.71 | 34.61 | |
| DOH | days | 26.63 | 25.56 | 27.06 | 27.15 | 28.04 | 26.08 | 26.33 | 27.56 | 28.70 | 28.82 | 28.69 | 31.08 | 30.57 | 12.49 | 11.90 | 11.12 | 28.22 | 11.27 | 10.83 | 10.55 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 13.71
= 26.63
The days of inventory on hand (DOH) for Clean Harbors, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the DOH was 31.91 days, slightly higher compared to the previous quarter at 30.61 days. This indicates that the company held its inventory for approximately 31.91 days before selling it during the fourth quarter of 2023.
Looking at the trend over the quarters, the DOH has generally been in the range of 30 to 33 days, indicating that Clean Harbors typically holds inventory for about a month before selling it. The highest DOH was in Q1 2022 at 33.47 days, while the lowest was in Q3 2022 at 31.18 days. This suggests some level of inventory management consistency within the company over this period.
Overall, a stable DOH level indicates that Clean Harbors has been effectively managing its inventory levels, neither overstocking nor understocking, which is crucial for optimizing working capital and operational efficiency. However, it would be beneficial to further analyze the reasons behind any significant changes in the DOH to ensure continued efficient inventory management.
Peer comparison
Dec 31, 2023