Geo Group Inc (GEO)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 12.61 | 15.94 | 37.72 | 13.06 | 4.96 | |
| DOH | days | 28.94 | 22.90 | 9.68 | 27.95 | 73.54 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.61
= 28.94
The days of inventory on hand (DOH) ratio for Geo Group, Inc. is not provided in the table. The DOH ratio is a measure of how many days, on average, a company holds its inventory before selling it. A lower DOH indicates that the company is more efficient in managing its inventory.
To calculate the DOH ratio for Geo Group, Inc., the following formula can be used:
DOH = (Average Inventory / Cost of Goods Sold) * 365
By using the inventory and cost of goods sold data for each of the years provided in the table, the DOH ratio can be calculated for each year to assess the trend over time. This analysis can provide insight into the company's inventory management efficiency and potential impact on its overall financial performance.