Kirby Corporation (KEX)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		0.76	0.67	1.86	2.68	1.03
DOH	days	483.09	543.28	196.53	136.38	352.87

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 0.76
= 483.09

To analyze Kirby Corp.'s Days of Inventory on Hand (DOH) over the past five years, we need the actual values for the DOH ratio for each year. Without these specific values, it is not possible to conduct a detailed analysis of the trend or performance of Kirby Corp. in managing its inventory levels effectively. The DOH ratio typically measures how many days, on average, a company holds onto its inventory before selling it, indicating its efficiency in inventory management.

To provide meaningful insights and comparisons, the numerical data for the DOH ratio from the table will be essential. This information would allow for a calculation of the average DOH over the years and a comparison of the trend in inventory turnover efficiency. Deciphering the DOH values can help determine if Kirby Corp. has been able to improve its inventory management practices or if there are potential concerns regarding inventory turnover and holding costs.