Eastman Chemical Company (EMN)

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		4.25	4.30	3.97	4.20	4.46	4.34	4.64	4.98	5.30	4.60	4.71	4.42	4.71	4.89	4.70	4.16	4.24	4.27	4.22	4.37
DOH	days	85.93	84.85	91.86	86.93	81.88	84.01	78.68	73.23	68.83	79.32	77.56	82.67	77.46	74.61	77.58	87.80	86.18	85.44	86.39	83.46

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.25
= 85.93

To analyze Eastman Chemical Co's days of inventory on hand (DOH) based on the data provided:
- The trend shows an increasing pattern from Q1 2022 to Q3 2023.
- The DOH has varied between 73.23 days to 91.86 days over the past eight quarters.
- The highest DOH was recorded in Q2 2023 at 91.86 days, indicating a longer period of holding inventory.
- Q3 and Q4 of 2023 also show elevated DOH figures, suggesting a potential need to manage inventory levels more efficiently.
- The DOH was relatively lower in Q2 2022 at 78.68 days, but has generally been on an upward trajectory since then.
- The company may consider reviewing its inventory management practices to optimize working capital and improve operational efficiency.