GE Vernova LLC (GEV)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Inventory turnover | 3.93 | 3.85 | — | |
| DOH | days | 92.93 | 94.69 | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.93
= 92.93
The Days of Inventory on Hand (DOH) for GE Vernova LLC has shown a decreasing trend over the past two years, falling from 94.69 days as of December 31, 2022, to 92.93 days as of December 31, 2023. The lower number of days indicates that the company has been able to manage its inventory more efficiently, possibly through better inventory control, demand forecasting, or production planning. This reduction in DOH suggests that GE Vernova LLC has been able to convert its inventory into sales at a faster rate, which can lead to improved cash flow and lower holding costs. Overall, the decreasing trend in DOH reflects positively on the company's inventory management practices.
Peer comparison
Dec 31, 2023