Dana Inc (DAN)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		6.13	6.01	5.98	5.96	6.29	6.16	5.86	5.45	5.51	5.42	5.70	5.78	6.11	4.59	4.58	5.21	5.40	6.73	6.29	5.93
DOH	days	59.55	60.72	61.02	61.28	58.05	59.26	62.28	66.99	66.30	67.32	64.08	63.16	59.69	79.54	79.68	70.08	67.59	54.23	57.99	61.54

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.13
= 59.55

Dana Inc's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the DOH was 63.36 days, which decreased slightly from the previous quarter's 64.46 days. This may indicate a more efficient management of inventory during Q4 2023. However, compared to Q1 2022, where the DOH was 71.05 days, the company has shown an improvement in managing its inventory levels.

Overall, Dana Inc's DOH has remained relatively stable around the mid-60s range over the past two years, with some seasonal variations. It is important for the company to continue monitoring and optimizing its inventory levels to ensure proper balance between maintaining sufficient inventory to meet demand and avoiding excess inventory holding costs.