KAR Auction Services Inc (KAR)

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		—	37.01	51.25	40.18	24.63	49.96	55.95	0.82	72.20	35.69	35.01	34.04	31.18	36.04	41.68	16.35	28.21	48.09	30.95	30.99
DOH	days	—	9.86	7.12	9.08	14.82	7.31	6.52	445.10	5.06	10.23	10.43	10.72	11.71	10.13	8.76	22.33	12.94	7.59	11.80	11.78

December 31, 2023 calculation

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

To analyze Openlane Inc.'s days of inventory on hand (DOH), we need specific data for each quarter. Unfortunately, the table provided does not contain any values for DOH across different periods (Q4 2023, Q3 2023, Q2 2023, Q1 2023, Q4 2022, Q3 2022, Q2 2022, Q1 2022). Without this data, it is not possible to calculate or interpret the DOH for Openlane Inc.

In general, days of inventory on hand (DOH) is a financial ratio that measures the number of days a company takes to sell its average inventory. A lower DOH indicates faster inventory turnover, which can be a positive sign of efficiency. Conversely, a higher DOH may indicate slower inventory turnover, potentially leading to increased carrying costs and the risk of obsolescence.

Given the missing data for Openlane Inc., it is recommended to seek the necessary quarterly inventory figures to calculate the DOH and perform a detailed analysis of the company's inventory management efficiency.