California Resources Corp (CRC)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2019	Dec 31, 2018
Inventory turnover		5.03	5.17	5.72	32.91	33.26
DOH	days	72.60	70.65	63.85	11.09	10.97

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.03
= 72.60

As the data provided is insufficient to calculate the specific days of inventory on hand (DOH) for California Resources Corporation for the years ending December 31, 2023, December 31, 2022, and December 31, 2021, a detailed analysis based on these figures is not possible. Typically, the DOH ratio is calculated by dividing average inventory by cost of goods sold and multiplying by the number of days in the period.

For a more in-depth analysis, additional information such as the average inventory levels and cost of goods sold figures for each year would be required. DOH is a crucial metric as it indicates how efficiently a company manages its inventory by showing how many days it takes to sell the inventory on hand. A lower DOH signifies faster inventory turnover, which is generally preferred as it indicates efficient inventory management and reduced holding costs.

If further data is provided, a more detailed analysis can be conducted to assess California Resources Corporation's inventory management efficiency over the years and compare it to industry standards or potential trends.