Geo Group Inc (GEO)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | 80.80 | 66.50 | |
| DOH | days | — | — | — | 4.52 | 5.49 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The Days of Inventory on Hand (DOH) is a measure that indicates how many days, on average, a company holds its inventory before selling it. In the case of Geo Group Inc, the DOH has shown a declining trend over the past few years.
As of December 31, 2020, Geo Group Inc had an average of 5.49 days of inventory on hand, which decreased to 4.52 days by December 31, 2021. This reduction suggests that the company has been more efficient in managing its inventory, possibly through better inventory control or more effective sales strategies.
It is important to note that for the years 2022, 2023, and 2024, the DOH data is not available (denoted by "— days"), indicating a lack of information for these periods. Without this data, it is challenging to assess the company's inventory management efficiency during these years.
Overall, the decreasing trend in DOH up to 2021 is a positive sign, indicating potential improvements in Geo Group Inc's inventory management practices. However, the lack of data for the subsequent years limits a comprehensive analysis of the company's inventory turnover performance in the later periods.