Centene Corp (CNC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | — | |
| DOH | days | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Given that the data for Centene Corp.'s days of inventory on hand (DOH) for the years 2019 to 2023 is not provided, a detailed analysis of the trend and changes in DOH over the years cannot be performed.
However, in general, a lower DOH signifies that the company is selling its inventory at a faster rate, which can be indicative of efficient inventory management. On the other hand, a higher DOH may suggest slow inventory turnover, potentially leading to carrying costs and obsolescence risks.
For a more insightful analysis and assessment of Centene Corp.'s inventory management efficiency and trends, it would be necessary to have the specific data for each year in order to calculate and interpret the DOH ratios accordingly.
Peer comparison
Dec 31, 2023