Corning Incorporated (GLW)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.25 | 3.41 | 3.38 | 3.30 | 3.33 | 3.25 | 3.34 | 3.55 | 3.64 | 3.55 | 3.54 | 3.42 | 3.13 | 2.94 | 3.36 | 3.23 | 3.22 | 3.14 | 3.14 | 3.19 | |
| DOH | days | 112.40 | 106.90 | 107.95 | 110.45 | 109.47 | 112.23 | 109.33 | 102.95 | 100.41 | 102.73 | 103.02 | 106.71 | 116.52 | 123.99 | 108.55 | 112.94 | 113.39 | 116.24 | 116.19 | 114.24 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.25
= 112.40
Corning, Inc.'s Days of Inventory on Hand (DOH) has shown slight fluctuations over the past eight quarters. In Q4 2023, the company had 112.40 days of inventory on hand, which was higher compared to the previous quarter at 106.90 days. This increase in DOH indicates that Corning, Inc. held its inventory for a longer period in Q4 2023.
Looking at the trend over the last year, the DOH metric has generally been above 100 days, indicating that Corning, Inc. typically holds its inventory for an extended period. The highest level was observed in Q4 2022 at 109.47 days, while the lowest was in Q2 2022 at 102.95 days.
Overall, the company's DOH metric suggests that it may have a conservative approach to managing its inventory levels, potentially leading to higher carrying costs and tying up more capital in inventory. Further analysis and comparison with industry benchmarks would provide deeper insights into the efficiency of Corning, Inc.'s inventory management practices.
Peer comparison
Dec 31, 2023
See also:
Corning Incorporated Average Inventory Processing Period (Quarterly Data)