Howmet Aerospace Inc (HWM)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.78 | 2.70 | 2.55 | 2.56 | 2.61 | |
| DOH | days | 131.20 | 134.97 | 143.14 | 142.31 | 140.05 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.78
= 131.20
The days of inventory on hand (DOH) for Howmet Aerospace Inc have shown a slight increasing trend over the years, from 140.05 days on December 31, 2020, to 131.20 days on December 31, 2024. This indicates that the company is taking longer to sell its inventory, which could potentially tie up more working capital and increase holding costs. However, despite the overall increase, there was a dip in DOH from 2023 to 2024, showing a positive trend towards more efficient inventory management. Howmet Aerospace should continue to monitor and optimize its inventory turnover to ensure optimal working capital utilization and operational efficiency.
Peer comparison
Dec 31, 2024