Koppers Holdings Inc (KOP)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.00 | 5.23 | 4.99 | 5.16 | 5.73 | |
| DOH | days | 72.97 | 69.84 | 73.09 | 70.70 | 63.70 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.00
= 72.97
The Days of Inventory on Hand (DOH) for Koppers Holdings Inc have shown fluctuating trends over the past five years. In 2023, the company had 83.50 days of inventory on hand, an increase from 79.36 days in 2022. This indicates that Koppers Holdings Inc held inventory for a longer period in 2023 compared to the previous year.
Looking back further, in 2021, the DOH was 85.19 days, which was higher than in 2020 (82.50 days) but lower than in 2019 (76.34 days). This may suggest that Koppers Holdings Inc's inventory management was more efficient in 2020 than in 2021, despite the slight increase in DOH.
Overall, the fluctuating DOH figures for Koppers Holdings Inc indicate potential changes in the company's inventory management practices or demand patterns. Further analysis of the reasons behind these variations could provide insights into the company's operational efficiency and supply chain effectiveness.
Peer comparison
Dec 31, 2023