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.