KAR Auction Services Inc (KAR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		—	88.75	77.54	33.91	46.00
DOH	days	—	4.11	4.71	10.77	7.93

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

Based on the given data for Openlane Inc.'s days of inventory on hand (DOH) for the past five years, it appears that specific numerical values for this ratio are not provided. Consequently, a detailed analysis of the trend in the DOH ratio over the five-year period is not feasible.

Without the actual numerical values for DOH, it is challenging to assess how efficiently Openlane Inc. manages its inventory levels and turnover rate. DOH is a crucial ratio that helps evaluate a company's inventory management efficiency and liquidity. A decreasing trend in DOH generally indicates that the company is selling its inventory faster, which could be positive. Conversely, an increasing trend may suggest possible inefficiencies in inventory management.

In this case, without specific values for the DOH ratio, it is recommended to obtain more detailed financial statements or seek additional information to perform a meaningful analysis of Openlane Inc.'s inventory management practices.