CoreCivic Inc (CXW)
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 | — | — | — | — | — | 101.75 | 108.38 | 68.95 | 71.77 | — | — | — | 74.04 | 121.01 | 153.10 | 4.62 | 4.64 | 126.99 | 76.26 | 85.42 | |
| DOH | days | — | — | — | — | — | 3.59 | 3.37 | 5.29 | 5.09 | — | — | — | 4.93 | 3.02 | 2.38 | 78.98 | 78.63 | 2.87 | 4.79 | 4.27 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Days of Inventory on Hand (DOH) is a key financial ratio that measures the average number of days a company holds its inventory before selling it. For CoreCivic Inc, the trend in the DOH from March 31, 2020, to December 31, 2024, shows fluctuations and stability at different points in time.
The company's DOH was relatively stable and low between March 2020 and June 2021, ranging from 2.38 days to 4.79 days. However, there was a significant increase in DOH for the periods ending December 31, 2020, and March 31, 2021, reaching as high as 78.98 days, indicating a potential issue with inventory management during that time.
Subsequently, from June 2021 to September 2023, the DOH remained in the range of 2.38 to 5.29 days, showing some variability but generally maintaining a relatively low level. This suggests that the company was efficiently managing its inventory levels during this period.
For the most recent data available up to September 30, 2024, the DOH was reported at 3.59 days, indicating that the company continued to effectively control its inventory holding period.
Overall, the analysis of CoreCivic Inc's DOH indicates varying levels of inventory management effectiveness over the years, with periods of both stability and fluctuations. Maintaining a moderate and consistent DOH is important for a company to optimize its cash flow, minimize carrying costs, and ensure efficient inventory management.