Helmerich and Payne Inc (HP)

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		18.89	20.64	19.22	19.01	19.56	18.58	17.51	16.60	15.21	14.50	12.02	10.74	17.45	18.66	31.74	32.10	17.69	14.94	2.53	0.98
DOH	days	19.32	17.68	18.99	19.20	18.66	19.65	20.85	21.98	24.00	25.17	30.37	33.97	20.92	19.56	11.50	11.37	20.63	24.44	144.25	372.19

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.89
= 19.32

I'm sorry, but it seems that the table you provided does not include the specific values for days of inventory on hand (DOH) for Helmerich & Payne, Inc. across the mentioned periods. Without these values, I am unable to calculate or analyze the DOH ratio. If you could provide the actual numerical data for the DOH for each period, I would be more than happy to assist you with a comprehensive analysis.

Peer comparison

Dec 31, 2023

Company name

Symbol

DOH

Helmerich and Payne Inc

19.32

Nabors Industries Ltd

NBR

26.52

Patterson-UTI Energy Inc