The Coca-Cola Company (KO)

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	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Inventory turnover		3.88	3.89	3.85	3.72	4.19	4.33	3.94	3.86	4.25	4.74	4.69	4.26	4.50	4.67	4.37	5.05	5.15	5.14	4.88	4.11
DOH	days	94.18	93.79	94.80	98.21	87.19	84.35	92.63	94.66	85.84	77.01	77.81	85.65	81.14	78.23	83.51	72.32	70.94	70.95	74.78	88.80

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.88
= 94.18

The days of inventory on hand (DOH) for The Coca-Cola Company have fluctuated over the past few years. In Q1 2020, the company had 88.80 days of inventory on hand, indicating a relatively high level of inventory compared to the later periods. Subsequently, there was a downward trend in DOH, reaching a low of 70.94 days at the end of Q4 2020. However, the DOH slightly increased to 72.32 days in Q1 2021 before fluctuating in the range of 70-80 days for the next few quarters.

In more recent periods, the DOH has shown higher levels, exceeding 90 days. By the end of Q1 2024, the DOH had increased to 98.21 days, indicating that the company was holding a significantly higher amount of inventory compared to previous years.

Overall, the trend in DOH for The Coca-Cola Company shows fluctuations over time, with periods of higher and lower inventory levels. This metric is important for assessing how efficiently the company manages its inventory, as a high DOH may suggest overstocking or slow-moving inventory, while a low DOH could indicate potential stockouts or supply chain disruptions.