Halliburton Company (HAL)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 0.08 | 0.24 | 0.10 | 1.92 | 1.02 | |
| DOH | days | 4,599.57 | 1,532.90 | 3,651.55 | 190.28 | 356.93 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.08
= 4,599.57
The days of inventory on hand (DOH) for Halliburton Co. have shown a fluctuating trend over the past five years. In 2023, the DOH was 63.11 days, slightly higher than the previous year's 62.82 days. This indicates that the company held inventory for approximately 63 days before selling it during the most recent year.
Comparing the DOH of 2023 to that of 2019, which was 56.94 days, we observe an upward trend in the number of days it takes for Halliburton Co. to turn its inventory into sales. This might suggest a potential inefficiency in managing inventory levels or a change in the company's business operations.
Overall, the DOH metric provides insight into how efficiently Halliburton Co. is managing its inventory levels and converting them into sales. Further analysis and comparison with industry averages or competitors' performance may help in evaluating the company's inventory management effectiveness.
Peer comparison
Dec 31, 2023