CoreCivic Inc (CXW)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 71.77 | 74.04 | 4.64 | |
| DOH | days | — | — | 5.09 | 4.93 | 78.63 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
CoreCivic Inc's days of inventory on hand (DOH) has shown a significant improvement over the years, declining from 78.63 days as of December 31, 2020, to 4.93 days as of December 31, 2021, and further to 5.09 days as of December 31, 2022. This reduction indicates the company has become more efficient in managing its inventory levels.
However, it is worth noting that the data for December 31, 2023, and December 31, 2024, is not available (indicated as "— days"). Without this information, it is challenging to assess the trend effectively for those years.
In conclusion, CoreCivic Inc has shown a positive trend in reducing its days of inventory on hand, indicating improved inventory management efficiency. However, the absence of data for 2023 and 2024 limits a comprehensive analysis of the trend for those years.