Dana Inc (DAN)

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		6.10	5.58	6.09	6.00	5.76	5.66	5.55	5.53	5.84	5.72	5.54	5.14	5.18	5.08	5.33	5.38	5.64	5.84	5.78	6.06
DOH	days	59.88	65.47	59.92	60.88	63.36	64.46	65.82	66.03	62.52	63.85	65.90	71.05	70.41	71.79	68.54	67.86	64.67	62.46	63.11	60.27

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.10
= 59.88

The days of inventory on hand (DOH) for Dana Inc have fluctuated over the past few years, with some noticeable trends. From March 31, 2020, to December 31, 2024, the DOH ranged between 59.88 days to 71.79 days.

There was a gradual increase in DOH from March 2020 to December 2021, reaching a peak of 71.79 days on September 30, 2021. This may indicate that the company was holding onto inventory for a longer period, potentially impacting its cash flow and liquidity.

Subsequently, there was a slight decrease in DOH from September 2021 to December 2024, with the metric fluctuating within the range of 59.88 days to 65.47 days. This decrease suggests that Dana Inc may have made efforts to better manage its inventory levels and turnover, potentially improving its efficiency and reducing storage costs.

Overall, Dana Inc should continue monitoring its DOH to ensure it strikes the right balance between maintaining enough inventory to meet demand while not tying up excessive capital in stagnant stock. Efficient inventory management is crucial for optimizing working capital and maintaining profitability in the long term.