GE Vernova LLC (GEV)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Inventory turnover | 3.98 | 3.93 | 3.85 | — | |
| DOH | days | 91.70 | 92.93 | 94.69 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.98
= 91.70
The days of inventory on hand (DOH) for GE Vernova LLC have been relatively stable over the past few years, decreasing from 94.69 days as of December 31, 2022, to 91.70 days as of December 31, 2024. This indicates that the company is efficiently managing its inventory levels, as it takes fewer days to sell its inventory on hand.
A lower DOH is generally considered favorable as it suggests that the company is able to turn over its inventory more quickly, reducing carrying costs and the risk of obsolete inventory. However, it's important to note that the ideal DOH can vary depending on the industry and specific business operations of GE Vernova LLC.
Overall, the trend of decreasing DOH for GE Vernova LLC demonstrates effective inventory management practices, which can positively impact the company's working capital and profitability in the long term.
Peer comparison
Dec 31, 2024