Coca-Cola Consolidated Inc. (COKE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 18.63 | 16.50 | 17.54 | 21.68 | 21.36 | |
| DOH | days | 19.59 | 22.12 | 20.81 | 16.83 | 17.09 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.63
= 19.59
The days of inventory on hand (DOH) for Coca-Cola Consolidated Inc has shown some fluctuation over the past five years. In 2023, the DOH decreased to 28.98 days from 32.34 days in 2022, indicating a more efficient management of inventory. However, compared to 2021 and 2020 where the DOH was 30.63 days and 25.44 days respectively, the company is holding slightly more inventory in 2023.
Overall, the trend in DOH over the past five years suggests that Coca-Cola Consolidated Inc has been managing its inventory levels with some variability. It is important for the company to continue monitoring and optimizing its inventory management practices to ensure efficient utilization of resources and maintain profitability.
Peer comparison
Dec 31, 2023