Knife River Corporation (KNF)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 6.12 | 6.68 | 5.99 | 6.15 | 7.17 | 7.11 | 5.89 | 5.85 | 6.77 | |
| DOH | days | 59.60 | 54.63 | 60.92 | 59.36 | 50.91 | 51.37 | 61.94 | 62.42 | 53.94 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.12
= 59.60
Based on the data provided, Knife River Corporation's days of inventory on hand (DOH) fluctuated over the period from December 31, 2022, to December 31, 2024. The DOH metric indicates how many days, on average, the company holds inventory before selling it.
The trend shows some variability in managing inventory levels. The DOH increased from December 2022 to March 2023, indicating a longer period of inventory held by the company. This trend continued until June 30, 2023, before declining by September 30, 2023.
From September 30, 2023, to December 31, 2024, the DOH metric fluctuated within a range, showing some stability in inventory management practices. The company was able to reduce the average days of inventory on hand by the end of December 2024 compared to the start of the period.
Overall, the company's inventory management efficiency improved towards the end of the period, which is a positive sign as it indicates that Knife River Corporation was able to optimize its inventory levels to align with demand fluctuations and potentially reduce carrying costs or inventory obsolescence risk.
Peer comparison
Dec 31, 2024