Dana Inc (DAN)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		6.08	5.76	5.84	5.18	5.64
DOH	days	60.02	63.36	62.52	70.41	64.67

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.08
= 60.02

Dana Inc's Days of Inventory on Hand (DOH) shows a fluctuating trend over the past five years. The company had 64.67 days of inventory on hand as of December 31, 2020, which increased to 70.41 days by December 31, 2021. There was a slight decrease in DOH to 62.52 days by December 31, 2022, followed by a small uptick to 63.36 days by December 31, 2023. The most recent data point indicates a reduction in DOH to 60.02 days as of December 31, 2024.

This trend suggests that in general, Dana Inc has been carrying more inventory relative to its sales, which could tie up more capital and potentially lead to higher storage and holding costs. However, the recent decrease in DOH may indicate better inventory management practices, allowing the company to operate more efficiently and potentially improve its cash flow. Further analysis and comparison with industry peers would provide more insight into the effectiveness of Dana Inc's inventory management strategies.