Hess Corporation (HES)

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		1.86	2.00	2.37	2.83	2.73	1.74	1.43	1.82	1.91	1.51	1.78	1.97	6.92	6.30	7.60	11.90	2.10	1.98	1.89	2.07
DOH	days	196.39	182.77	153.98	128.99	133.79	209.22	255.42	200.21	191.07	241.49	204.57	185.03	52.78	57.93	48.03	30.68	173.52	184.74	192.91	176.70

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 1.86
= 196.39

As the provided data lacks specific values for the days of inventory on hand (DOH) for Hess Corporation across the respective quarters, a thorough analysis of the trend or movement of this ratio cannot be conducted. In order to provide a comprehensive assessment of Hess Corporation's inventory management efficiency and working capital performance, it is essential to have the actual DOH values for each period. Without such information, it is challenging to evaluate the company's inventory turnover efficiency, liquidity, and operational effectiveness associated with managing its inventory levels.