Forward Air Corporation (FWRD)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 44.82 | 509.96 | |
| DOH | days | — | — | — | 8.14 | 0.72 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Forward Air Corporation's days of inventory on hand (DOH) has shown a significant increase over the years based on the data provided. The DOH was 0.72 days as of December 31, 2019, but has been steadily increasing since then. By December 31, 2020, it had increased to 8.14 days, indicating that the company was holding inventory for a longer period before selling it.
However, there is no data available for DOH for the subsequent years (2021, 2022, and 2023), making it challenging to provide a detailed trend analysis. It is important to note that a higher DOH can indicate slower inventory turnover and may suggest inefficiencies in inventory management or potential issues with demand forecasting.
Further information on Forward Air Corporation's inventory management practices and strategies would be needed to fully assess the implications of the increasing DOH and its impact on the company's financial performance and operations.
Peer comparison
Dec 31, 2023