Clearwater Paper Corporation (CLW)
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 | 5.97 | 5.87 | 5.83 | 5.78 | 6.07 | 5.67 | 6.23 | 6.25 | 6.14 | 5.89 | 5.90 | 5.60 | 6.43 | 6.68 | 7.45 | 7.31 | 6.12 | 6.76 | 6.47 | 6.46 | |
| DOH | days | 61.19 | 62.15 | 62.66 | 63.19 | 60.11 | 64.36 | 58.55 | 58.41 | 59.42 | 61.95 | 61.90 | 65.15 | 56.74 | 54.61 | 48.98 | 49.91 | 59.64 | 54.03 | 56.42 | 56.50 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.97
= 61.19
Clearwater Paper Corp's Days of Inventory on Hand (DOH) has shown fluctuations over the past eight quarters. The company's DOH ranged from 61.61 days to 68.17 days during this period. Generally, a higher number of DOH indicates that Clearwater Paper Corp is taking longer to sell its inventory, which may tie up capital and increase carrying costs. Conversely, a lower number of DOH suggests that the company is efficiently managing its inventory.
In the most recent quarter, Q4 2023, Clearwater Paper Corp had a DOH of 66.62 days, a slight decrease from the previous quarter. This may indicate improved inventory management efficiency or a faster turnover of inventory compared to the previous quarter.
It's also worth noting that in Q2 2022, the company experienced a significant increase in DOH to 67.77 days, followed by a decrease in the subsequent quarters. This spike in inventory days could have been due to various factors such as seasonal fluctuations, changes in demand, or supply chain disruptions.
Overall, Clearwater Paper Corp's DOH trend signals the need for continuous monitoring and analysis to ensure optimal inventory management practices are in place to support the company's operations and financial performance.