California Resources Corp (CRC)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.77 | 5.03 | 5.17 | 5.72 | 32.91 | |
| DOH | days | 63.29 | 72.60 | 70.65 | 63.85 | 11.09 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.77
= 63.29
The days of inventory on hand (DOH) for California Resources Corp have shown a notable increase over the years, starting at 11.09 days on December 31, 2019, and steadily rising to 63.85 days by December 31, 2021. The trend continued with further increases to 70.65 days by December 31, 2022, 72.60 days by December 31, 2023, before slightly decreasing to 63.29 days on December 31, 2024. This indicates a longer period of time it takes for the company to convert its inventory into sales, which could be a cause for concern regarding potential obsolescence or inefficiencies in managing inventory levels. Further investigation into the reasons behind this prolonged DOH trend would be beneficial in understanding the company's inventory management capabilities and operational effectiveness.
Peer comparison
Dec 31, 2024