Knife River Corporation (KNF)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 6.12 | 7.17 | 6.77 | 6.46 | — | |
| DOH | days | 59.60 | 50.91 | 53.94 | 56.52 | — |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.12
= 59.60
Knife River Corporation's days of inventory on hand (DOH) has shown a fluctuating trend over the past five years. The DOH was not available for December 31, 2020, but in the subsequent years, it ranged from 50.91 days to 59.60 days.
In 2021, the DOH was at 56.52 days, which decreased to 53.94 days by the end of 2022. In 2023, the DOH further decreased to 50.91 days before increasing again to 59.60 days by the end of 2024.
A declining trend in DOH indicates that Knife River Corporation is managing its inventory efficiently, holding less inventory for a shorter period. However, the increase seen in 2024 may suggest that the company may have experienced challenges in managing its inventory effectively during that period.
Overall, fluctuations in DOH should be further analyzed in conjunction with other financial metrics to assess the effectiveness of Knife River Corporation's inventory management strategies during the periods in question.
Peer comparison
Dec 31, 2024