Koppers Holdings Inc (KOP)
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 | 4.22 | 4.30 | 4.35 | 4.40 | 4.41 | 4.65 | 4.61 | 4.42 | 4.60 | 5.10 | 4.50 | 4.23 | 4.28 | 4.46 | 4.49 | 4.38 | 4.42 | 4.96 | 5.27 | 5.13 | |
| DOH | days | 86.53 | 84.90 | 83.86 | 83.00 | 82.77 | 78.46 | 79.17 | 82.64 | 79.36 | 71.51 | 81.04 | 86.23 | 85.19 | 81.85 | 81.31 | 83.36 | 82.50 | 73.63 | 69.28 | 71.17 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.22
= 86.53
Based on the provided data, the days of inventory on hand (DOH) for Koppers Holdings Inc have fluctuated over the period from March 31, 2020, to December 31, 2024.
The trend in DOH shows an increase from 71.17 days on March 31, 2020, to a peak of 86.53 days on December 31, 2024. This indicates that the company is holding inventory for longer periods over time.
There are fluctuations in the DOH throughout the period, with some quarters showing decreases and others showing increases. For example, the DOH decreased from 71.17 days on March 31, 2020, to 69.28 days on June 30, 2020, but then increased steadily, reaching 86.53 days by December 31, 2024.
The increasing trend in DOH may suggest that Koppers Holdings Inc is facing challenges in managing its inventory efficiently. A high DOH could indicate that the company is holding excess inventory, which ties up capital and may lead to higher storage and carrying costs.
It would be important for Koppers Holdings Inc to closely monitor its inventory levels, optimize its supply chain processes, and improve demand forecasting to ensure that inventory turnover is efficient and in line with industry standards. An excessively high DOH may impact the company's liquidity, profitability, and overall financial performance.
Peer comparison
Dec 31, 2024