Corteva Inc (CTVA)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 1.75 | 1.46 | 1.53 | 1.78 | 1.74 | |
| DOH | days | 208.07 | 250.21 | 238.22 | 205.07 | 209.47 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.75
= 208.07
The days of inventory on hand (DOH) for Corteva Inc have fluctuated over the years based on the provided data. The trend shows that the company had 209.47 days of inventory on hand as of December 31, 2020, which decreased to 205.07 days by December 31, 2021. However, there was a notable increase in DOH to 238.22 days by the end of December 31, 2022, followed by a further increase to 250.21 days by December 31, 2023. Subsequently, there was a decrease to 208.07 days of inventory on hand by December 31, 2024.
This trend indicates that Corteva Inc initially managed to reduce its inventory levels, but then experienced challenges in efficiently managing its inventory as evidenced by the substantial increase in DOH in 2022 and 2023. It is important for the company to monitor and optimize its inventory management processes to avoid overstocking or understocking, which could impact cash flow and profitability. Further analysis of the underlying factors contributing to these fluctuations in DOH would be necessary to provide more insights into the company's inventory management strategies.
Peer comparison
Dec 31, 2024