Kaiser Aluminum Corporation (KALU)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.82 | 6.15 | 5.87 | 6.34 | 7.08 | |
| DOH | days | 62.68 | 59.34 | 62.23 | 57.55 | 51.54 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.82
= 62.68
To analyze Kaiser Aluminum Corp's days of inventory on hand (DOH) over the past five years, we observe a fluctuating trend. In 2019, the DOH stood at 53.34 days and increased to 58.94 days in 2020, reflecting a rise in the number of days it takes to sell its inventory. Subsequently, in 2021, the DOH further increased to 62.89 days, indicating a potential slowdown in inventory turnover.
However, there was a slight improvement in 2022 as the DOH decreased to 60.30 days, suggesting a slightly more efficient inventory management. This trend continued in 2023, with the DOH further decreasing to 63.22 days.
Overall, the fluctuation in Kaiser Aluminum Corp's DOH over the past five years indicates varying efficiency levels in managing its inventory. A decreasing trend in recent years shows potential improvement in inventory turnover, although the DOH still remains at relatively high levels. Further analysis of the company's inventory management policies and industry benchmarks could provide additional insights into the effectiveness of its inventory management strategy.
Peer comparison
Dec 31, 2023