Keurig Dr Pepper Inc (KDP)

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		10.53	9.09	9.08	9.01	9.29	8.30	9.00	10.12	11.63	10.03	10.70	11.34	12.48	11.34	12.54	13.57	13.94	12.14	13.57	12.92
DOH	days	34.68	40.13	40.18	40.50	39.31	44.00	40.54	36.05	31.39	36.38	34.12	32.19	29.24	32.18	29.10	26.89	26.19	30.07	26.89	28.26

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.53
= 34.68

Keurig Dr Pepper Inc's days of inventory on hand (DOH) has shown some fluctuations in recent quarters. In Q4 2023, the company had an inventory turnover period of 61.90 days, which improved from the previous quarter's 71.74 days. This indicates that the company managed its inventory more efficiently during this period. However, compared to the same quarter in the previous year, the DOH was slightly higher at 71.22 days.

Overall, the trend in the last few quarters suggests some variability in managing inventory levels, with Q3 and Q2 2022 showing higher DOH figures of 80.18 days and 73.37 days, respectively. It is important for the company to closely monitor its inventory turnover to ensure optimal levels that strike a balance between meeting customer demand and controlling costs.