Core Natural Resources, Inc. (CNR)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.17 | 6.07 | 6.17 | 5.22 | 0.58 | |
| DOH | days | 70.57 | 60.10 | 59.11 | 69.88 | 628.74 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.17
= 70.57
Core Natural Resources, Inc. has shown a significant improvement in its Days of Inventory on Hand (DOH) ratio over the years, reflecting better management of inventory levels. The ratio decreased from a relatively high level of 628.74 days on December 31, 2020, to 69.88 days on December 31, 2021. This sharp decline suggests the company has efficiently managed its inventory turnover during the period. The trend continued in the following years, with the DOH ratio further decreasing to 59.11 days on December 31, 2022, and remaining relatively stable around 60 days in the subsequent years. Overall, the decreasing trend in the DOH ratio indicates that Core Natural Resources, Inc. has been effectively managing its inventory levels and turning over its inventory more efficiently, which can potentially lead to improved profitability and liquidity.
Peer comparison
Dec 31, 2024