Kirby Corporation (KEX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.20 | 5.26 | 4.90 | 5.63 | 5.59 | |
| DOH | days | 58.91 | 69.35 | 74.51 | 64.79 | 65.31 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.20
= 58.91
The days of inventory on hand (DOH) for Kirby Corporation has shown some fluctuations over the past five years. In December 2020, the DOH stood at 65.31 days, decreasing slightly to 64.79 days by December 2021. However, there was an increase in DOH to 74.51 days by December 2022, followed by a decrease to 69.35 days by December 2023. The most recent data available shows a further decrease to 58.91 days as of December 2024.
Overall, the trend in DOH for Kirby Corporation indicates some volatility in inventory management efficiency over the years. It is important for the company to closely monitor and optimize its inventory levels to strike a balance between carrying costs and stockouts in order to enhance operational performance and profitability.
Peer comparison
Dec 31, 2024