Corning Incorporated (GLW)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 3.25 | 3.25 | 3.33 | 3.64 | 3.13 | |
| DOH | days | 112.45 | 112.40 | 109.47 | 100.41 | 116.52 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.25
= 112.45
The days of inventory on hand (DOH) for Corning Incorporated have shown a downward trend from 116.52 days as of December 31, 2020, to 100.41 days as of December 31, 2021. However, there was a slight increase in DOH to 109.47 days as of December 31, 2022, followed by a further increase to 112.40 days as of December 31, 2023, and a marginal increase to 112.45 days as of December 31, 2024.
The decrease in DOH from 2020 to 2021 suggests that Corning managed its inventory more efficiently, possibly by improving inventory turnover or reducing excess inventory levels. The subsequent increases in DOH in the following years may indicate challenges in managing inventory effectively, leading to longer periods for inventory to be sold or used in production.
Overall, it is important for Corning to monitor and optimize its inventory management strategies to ensure a balance between maintaining adequate inventory levels to support operations and minimizing holding costs associated with excess inventory.
Peer comparison
Dec 31, 2024