The Coca-Cola Company (KO)

Days of inventory on hand (DOH)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		4.19	4.33	3.94	3.86	4.25	4.74	4.69	4.26	4.50	4.67	4.37	4.04	4.11	4.11	3.92	4.11	4.33	4.33	3.98	4.20
DOH	days	87.19	84.35	92.63	94.66	85.84	77.01	77.81	85.65	81.14	78.23	83.51	90.29	88.74	88.77	93.16	88.80	84.37	84.22	91.77	86.85

December 31, 2023 calculation

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

To analyze Coca-Cola Co's days of inventory on hand (DOH) based on the data provided, we see that the DOH has fluctuated over the past eight quarters. The company's DOH ranged from a low of 77.01 days in Q3 2022 to a high of 94.66 days in Q1 2023.

A higher DOH indicates that Coca-Cola Co is holding inventory for a longer period, which could be due to factors such as slower sales, overproduction, or inefficiencies in inventory management. Conversely, a lower DOH suggests more efficient inventory management or higher demand for the company's products.

The trend in Coca-Cola Co's DOH over the past quarters shows some variability but overall has not shown a clear direction. It is important for the company to closely monitor and manage its inventory levels to optimize working capital and avoid excess holding costs. Further analysis and comparison with industry benchmarks would provide more insights into the effectiveness of Coca-Cola Co's inventory management practices.