Coca-Cola Consolidated Inc. (COKE)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.55 | 12.21 | 12.03 | 11.24 | 12.60 | 12.61 | 11.97 | 11.78 | 11.29 | 12.30 | 12.49 | 13.33 | 11.92 | 14.62 | 14.43 | 12.79 | 14.34 | 15.34 | 15.02 | 14.04 | |
| DOH | days | 29.08 | 29.89 | 30.33 | 32.48 | 28.98 | 28.95 | 30.49 | 30.98 | 32.34 | 29.68 | 29.23 | 27.37 | 30.63 | 24.97 | 25.29 | 28.54 | 25.44 | 23.79 | 24.31 | 25.99 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.55
= 29.08
The days of inventory on hand (DOH) for Coca-Cola Consolidated Inc. fluctuated over the reported periods. The trend indicates a general stability in managing inventory efficiency, with DOH ranging from a low of 23.79 days to a high of 32.48 days. The average DOH over the period was approximately 28 days, suggesting that, on average, the company holds enough inventory to cover about a month's worth of sales.
However, there are noticeable peaks and troughs in the DOH figures, which may indicate potential inventory management challenges or fluctuations in demand. For example, the DOH increased notably from 25.29 days in June 2021 to 30.63 days in December 2021, signaling a potential buildup of inventory relative to sales. Conversely, the DOH decreased from 32.48 days in March 2024 to 29.08 days in December 2024, indicating a possible improvement in inventory turnover efficiency.
Overall, monitoring and managing the days of inventory on hand effectively is crucial for optimizing working capital and ensuring efficient operations. Analyzing the DOH trend over time can provide insights into the company's inventory management practices and potential areas for improvement.
Peer comparison
Dec 31, 2024