International Seaways Inc (INSW)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		211.02	1,126.60	228.38	704.22	309.16	347.34	654.59	568.69	742.28	455.56	501.04	175.31	171.39	122.99	11.76	103.84	70.11	186.33	142.29	77.33
DOH	days	1.73	0.32	1.60	0.52	1.18	1.05	0.56	0.64	0.49	0.80	0.73	2.08	2.13	2.97	31.03	3.52	5.21	1.96	2.57	4.72

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 211.02
= 1.73

Days of Inventory on Hand (DOH) is a financial metric that indicates how quickly a company turns its inventory into sales. A lower DOH is generally preferred as it suggests that the company is efficient in managing its inventory levels.

Analyzing the DOH trend for International Seaways Inc, we can observe the following:

- The company's DOH fluctuated significantly over the quarters provided in the data.
- In the first half of 2020, the DOH decreased from 4.72 days in March to 2.57 days in June, indicating a more efficient inventory turnover.
- However, in June 2021, there was a sudden spike in the DOH to 31.03 days, which could suggest possible inventory management challenges during that period.
- Subsequently, the company managed to reduce its DOH to around 1-3 days for the following quarters up to December 2022, indicating improvements in inventory management.
- There was a slight increase in the DOH in March 2023 and June 2023, but it remained relatively low compared to the previous peak in June 2021.
- By the end of 2024, the trend suggests a mixed performance in inventory management, with the DOH increasing to 1.73 days in December 2024.

In conclusion, while the company experienced fluctuations in its DOH over the years, it generally maintained a lower DOH in recent quarters, indicating better inventory turnover efficiency. However, periodic spikes in the DOH highlight the importance of continuous monitoring and improvement in inventory management practices for International Seaways Inc.