Delta Air Lines Inc (DAL)

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		—	—	—	—	—	—	—	—	—	—	—	—	27.00	27.24	32.34	47.10	60.71	72.39	67.84	57.38
DOH	days	—	—	—	—	—	—	—	—	—	—	—	—	13.52	13.40	11.29	7.75	6.01	5.04	5.38	6.36

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The Days of Inventory on Hand (DOH) ratio for Delta Air Lines Inc indicates the average number of days it takes for the company to sell its inventory during a specific period. Looking at the historical DOH data provided, we observe the following trends:

1. In March 2020, Delta had 6.36 days of inventory on hand. This decreased to 5.38 days by June 2020 and further to 5.04 days by September 2020, indicating an improvement in inventory turnover efficiency during this period.

2. However, the DOH increased to 6.01 days by December 2020 and rose significantly to 7.75 days by March 2021, possibly indicating some challenges in managing inventory levels efficiently.

3. Subsequently, there was a notable increase in DOH to 11.29 days by June 2021 and a further rise to 13.40 days by September 2021, suggesting a potential build-up of inventory or slower inventory turnover rate during this period.

4. This trend continued with DOH remaining elevated at 13.52 days by December 2021. The data for the following periods up to March 2024 indicates missing values, which make it challenging to assess the current inventory management performance.

In conclusion, the analysis of Delta Air Lines Inc's DOH ratio shows fluctuations in inventory turnover efficiency over the historical period. The fluctuations may be influenced by various factors such as demand fluctuations, supply chain disruptions, or changes in inventory management strategies. Monitoring and optimizing the DOH ratio can help the company improve working capital management and operational efficiency.