CVR Energy Inc (CVI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 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	Dec 31, 2019
Inventory turnover		15.02	15.43	12.91	13.20	13.64	16.88	15.71	15.65	14.89	11.81	11.08	14.51	14.71	13.76	11.77	13.83	16.42	18.92	26.58	15.18
DOH	days	24.31	23.65	28.27	27.65	26.75	21.62	23.23	23.32	24.52	30.91	32.95	25.15	24.82	26.52	31.01	26.40	22.23	19.29	13.73	24.05

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.02
= 24.31

The days of inventory on hand (DOH) for CVR Energy Inc has shown some fluctuation over the reporting periods. The DOH was relatively stable between 2019 to 2021, ranging from around 13 to 31 days, indicating that the company was able to manage its inventory efficiently during these periods.

However, starting from March 2022, the DOH began to increase, reaching a peak of 32.95 days by the end of that quarter. This increase may suggest potential issues with inventory management, such as overstocking or slow-moving inventory.

Subsequently, the DOH decreased in the following quarters but remained relatively higher than the earlier periods. By December 2024, the DOH was reported at 24.31 days, indicating some improvement in inventory management compared to the peak in March 2022 but still slightly elevated compared to the earlier periods.

Overall, CVR Energy Inc should closely monitor its inventory levels and implement strategies to improve inventory turnover to optimize its working capital efficiency and overall financial performance.