Chart Industries Inc (GTLS)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.65 | 4.01 | 3.37 | 3.09 | 3.40 | |
| DOH | days | 64.60 | 90.98 | 108.41 | 118.12 | 107.30 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.65
= 64.60
Chart Industries Inc's days of inventory on hand (DOH) has shown fluctuations over the past five years.
Starting at 107.30 days on December 31, 2020, the DOH increased to 118.12 days by the end of 2021. This rise may indicate slower inventory turnover, potentially tying up more of the company's capital in inventory.
However, in the subsequent years, there was a slight decline in DOH. By the end of 2022, the DOH decreased to 108.41 days, suggesting a slight improvement in inventory management efficiency.
On December 31, 2023, the DOH dropped further to 90.98 days, signaling a more significant improvement in managing inventory levels, possibly through better demand forecasting or operational efficiencies.
The most notable change occurred by the end of 2024, with a significant decrease in DOH to 64.60 days. This sharp decline indicates a substantial enhancement in inventory management practices, potentially resulting in lower carrying costs and better responsiveness to customer demand.
Overall, the trend in Chart Industries Inc's DOH indicates mixed performance in inventory management efficiency, with both positive and challenging aspects over the five-year period. Further analysis in conjunction with other financial metrics would provide a more comprehensive view of the company's operational performance.