GATX Corporation (GATX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		8.02	10.02	10.90	12.75	12.68
DOH	days	45.52	36.44	33.49	28.64	28.79

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.02
= 45.52

As the data for days of inventory on hand (DOH) for GATX Corp. is not provided, it is not possible to conduct a specific analysis of this particular ratio for the company over the indicated years.

Days of inventory on hand (DOH) is a ratio that measures the average number of days a company holds its inventory before selling it. A lower number of days implies a faster inventory turnover, indicating efficient inventory management, while a higher number suggests slower turnover, potentially leading to higher carrying costs and liquidity risks.

For a detailed analysis in the future, it would be essential to calculate the DOH ratio for each year by dividing the average inventory by the cost of goods sold and multiplying it by the number of days in the period. By examining the trend of DOH over multiple years, one can evaluate the effectiveness of GATX Corp.'s inventory management practices and assess the company's ability to convert inventory into sales efficiently.