HF Sinclair Corp (DINO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.17 | 9.18 | 9.76 | 7.43 | 8.32 | |
| DOH | days | 35.89 | 39.76 | 37.38 | 49.15 | 43.89 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.17
= 35.89
The days of inventory on hand (DOH) ratio for HF Sinclair Corp has shown variability over the past five years. Starting at 43.89 days on December 31, 2020, the DOH increased to 49.15 days by December 31, 2021, indicating that the company held inventory for a longer period.
However, there was a notable improvement by December 31, 2022, with the DOH decreasing to 37.38 days, suggesting better inventory management efficiency. This trend continued in 2023, as the DOH further reduced to 39.76 days, indicating the company's ability to turn over its inventory more quickly.
By the end of December 31, 2024, the DOH reached 35.89 days, indicating an ongoing positive trend in inventory management efficiency. Overall, the company has made improvements in optimizing its inventory levels and turnover, which could potentially lead to cost savings and improved liquidity.