CSX Corporation (CSX)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.41 | 13.56 | 10.65 | 9.83 | 14.23 | |
| DOH | days | 35.05 | 26.92 | 34.26 | 37.13 | 25.65 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.41
= 35.05
Days of Inventory on Hand (DOH) is a financial ratio used to evaluate how efficiently a company manages its inventory. However, without specific numerical values for DOH for CSX Corp. for the years provided (Dec 31, 2023 to Dec 31, 2019), it is challenging to provide a detailed analysis.
In general, a lower DOH indicates that a company is selling its inventory quickly, which can be a positive indicator of efficient inventory management. On the other hand, a higher DOH may suggest that a company is holding onto excess inventory or facing challenges in selling its products.
Further analysis of CSX Corp.'s DOH over the years would have been beneficial to assess trends in inventory management efficiency and potential impacts on the company's operations and financial performance.
Peer comparison
Dec 31, 2023