CVR Energy Inc (CVI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		14.75	13.20	15.65	14.51	13.82
DOH	days	24.74	27.65	23.32	25.15	26.41

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.75
= 24.74

Based on the data provided, CVR Energy Inc's days of inventory on hand (DOH) have displayed a slight fluctuation over the past five years.

As of December 31, 2020, the company had an inventory turnover rate equivalent to approximately 26.41 days, which decreased to 25.15 days by the end of December 31, 2021. In the subsequent year, the DOH further decreased to 23.32 days as of December 31, 2022, reflecting more efficient inventory management.

However, there was a slight increase in the DOH to 27.65 days as of December 31, 2023, indicating a slower inventory turnover rate. The trend reverted back to a lower DOH value of 24.74 days by December 31, 2024.

Overall, CVR Energy Inc's DOH metric suggests some variability in the management of inventory levels, with potential implications for the company's liquidity, working capital management, and operational efficiency. Further analysis and comparison with industry benchmarks may provide deeper insights into the company's inventory management performance.