CNH Industrial N.V. (CNH)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.04 | 3.49 | 3.35 | 1.85 | 3.08 | |
| DOH | days | 120.20 | 104.54 | 109.07 | 197.10 | 118.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.04
= 120.20
The Days of Inventory on Hand (DOH) for CNH Industrial N.V. have fluctuated over the past five years. In 2023, the DOH stood at 120.20 days, representing an increase from the previous year's 104.54 days. This suggests that the company held inventory for a longer period in 2023 compared to 2022.
Looking further back, in 2021, the DOH was 109.07 days, indicating a slight decrease from 2020 when it was significantly higher at 197.10 days. The decrease in 2021 implies that the company managed its inventory more efficiently that year.
Compared to 2019, when the DOH was 118.40 days, the DOH in 2023 showed a slight increase. This indicates that in 2023, CNH Industrial N.V. held inventory for a slightly longer period compared to 2019.
Overall, the trend in the DOH for CNH Industrial N.V. has been somewhat volatile over the past five years, with fluctuations observed in inventory holding periods. It would be important for the company to analyze the reasons behind these fluctuations and work towards enhancing inventory management practices for optimal efficiency.
Peer comparison
Dec 31, 2023