Corteva Inc (CTVA)
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 | 1.81 | 1.71 | 2.00 | 1.59 | 1.44 | 1.59 | 1.83 | 1.59 | 1.53 | 1.88 | 2.35 | 1.91 | 1.78 | 2.06 | 2.50 | 2.00 | 1.74 | 1.91 | 2.34 | 1.96 | |
| DOH | days | 201.74 | 213.55 | 182.63 | 229.91 | 253.84 | 229.21 | 199.50 | 229.28 | 238.22 | 194.57 | 155.25 | 191.08 | 205.07 | 177.17 | 146.22 | 182.16 | 209.47 | 190.90 | 155.67 | 186.07 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.81
= 201.74
Based on the data provided, Corteva Inc's days of inventory on hand (DOH) have fluctuated over the periods presented. DOH represents the average number of days it takes for a company to sell its entire inventory. A lower DOH indicates efficient inventory management, while a higher DOH suggests potential issues such as slow-moving inventory or overstocking.
In the past few years, Corteva's DOH has shown some variability. The DOH ranged from a low of 146.22 days on June 30, 2021, to a high of 253.84 days on December 31, 2023. This indicates significant fluctuations in how long the company's inventory is held before being sold.
It is important to note that a high DOH can tie up capital and increase carrying costs, impacting profitability. On the other hand, a low DOH may suggest the company is effectively managing its inventory and converting it into sales quickly.
Overall, Corteva Inc should closely monitor its inventory management practices to ensure optimal levels of inventory to meet demand while minimizing holding costs and potential obsolescence risks.
Peer comparison
Dec 31, 2024