The Coca-Cola Company (KO)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		4.19	4.25	4.50	4.11	4.33
DOH	days	87.19	85.84	81.14	88.74	84.37

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.19
= 87.19

The days of inventory on hand (DOH) for Coca-Cola Co have fluctuated over the past five years. In 2023, the company had 87.19 days of inventory on hand, a slight increase from the previous year's 85.84 days. This indicates that Coca-Cola held its inventory for a longer period in 2023 compared to 2022.

Looking back at 2021, the DOH was 81.14 days, which was lower than both 2022 and 2023. In 2020, the DOH was 88.74 days, the highest in the last five years, suggesting that the company held inventory for an extended period that year. In 2019, the DOH was 84.37 days, slightly lower compared to the following years.

Overall, fluctuations in DOH can indicate changes in inventory management efficiency. A higher DOH may suggest overstocking or slow-moving inventory, while a lower DOH may indicate efficient inventory turnover. It is important for Coca-Cola Co to continuously monitor and manage its inventory levels to optimize working capital and operational efficiency.