Dow Inc (DOW)

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		6.97	6.97	7.10	7.19	7.24	6.84	6.21	6.31	6.28	6.07	5.66	5.79	5.85	5.87	5.87	5.65	5.90
DOH	days	52.39	52.40	51.44	50.76	50.43	53.35	58.76	57.85	58.11	60.17	64.45	63.02	62.40	62.17	62.21	64.58	61.87

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.97
= 52.39

To analyze Dow Inc's days of inventory on hand (DOH) from the provided data, we can observe the trend and identify any significant fluctuations.

Over the eight quarters presented, DOH shows some variability, ranging from a low of 52.77 days on Dec 31, 2022, to a high of 61.66 days on Jun 30, 2022. Despite these fluctuations, the general trend displays an increase from Mar 31, 2022, to Sep 30, 2022, followed by a decrease in the subsequent two quarters, eventually stabilizing at 55.80 days on Dec 31, 2023.

This trend indicates that the company has maintained a relatively steady level of inventory on hand over this period, which is important for managing production and sales. However, it is essential to assess this metric in conjunction with other financial indicators to gain a comprehensive understanding of the company's operational efficiency and inventory management.