Devon Energy Corporation (DVN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		1.81	2.13	6.04	—	2.69
DOH	days	201.52	171.41	60.39	—	135.78

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.81
= 201.52

Unfortunately, without specific values for days of inventory on hand (DOH) for Devon Energy Corp. for the years provided (Dec 31, 2023 to Dec 31, 2019), it is not possible to conduct a detailed analysis of this ratio over time. DOH is a key financial metric that reflects the efficiency of inventory management within a company. A lower DOH generally indicates that a company is selling its inventory more quickly, which can be a positive sign. Conversely, a higher DOH may suggest inefficiencies in inventory management or potential issues with sales or demand.

To provide a meaningful analysis, it would be necessary to have the actual values of DOH for the relevant years. This ratio is often compared to industry benchmarks or historical performance within the company to evaluate trends and identify areas for improvement. If you can provide the specific data points for DOH for Devon Energy Corp. for the years in question, I would be able to offer a more detailed and insightful analysis of the company's inventory management efficiency.