Halliburton Company (HAL)

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		0.08	0.07	0.08	0.22	0.24	0.24	0.26	0.10	0.10	0.28	0.34	1.46	1.92	2.59	2.39	1.31	1.02	0.17	0.18	1.72
DOH	days	4,599.57	4,909.84	4,750.86	1,691.63	1,532.90	1,496.87	1,399.87	3,591.49	3,651.55	1,288.17	1,082.59	250.19	190.28	140.91	152.83	279.30	357.93	2,165.79	2,081.18	212.40

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 some fluctuations over the past eight quarters, ranging from a low of 62.82 days in Q4 2022 to a high of 67.48 days in Q1 2022. In the most recent quarter, Q4 2023, the DOH stood at 63.11 days.

The trend in the DOH ratio indicates that Halliburton Co. has been able to manage its inventory levels relatively consistently, with minor variations quarter to quarter. A lower DOH value suggests that the company is able to turn over its inventory more quickly, which can be indicative of efficient inventory management. On the other hand, a higher DOH value may point towards slower inventory turnover, potentially indicating excess or obsolete inventory.

Overall, the DOH ratio for Halliburton Co. appears to be within a reasonable range over the past few quarters, suggesting that the company is effectively managing its inventory levels to support its operations. This metric should be monitored in conjunction with other financial ratios and operational indicators to gain a comprehensive understanding of the company's performance and efficiency in managing its inventory.