Linde plc Ordinary Shares (LIN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 8.81 | 8.27 | 9.83 | 10.12 | 8.90 | |
| DOH | days | 41.43 | 44.13 | 37.12 | 36.06 | 41.02 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 8.81
= 41.43
The days of inventory on hand (DOH) for Linde plc Ordinary Shares decreased from 41.02 days as of December 31, 2020, to 36.06 days as of December 31, 2021. This indicates that the company was able to sell its inventory faster in 2021 compared to the previous year.
However, in the subsequent years, the DOH slightly increased to 37.12 days as of December 31, 2022, and further to 44.13 days as of December 31, 2023. This uptrend suggests that the company might be facing challenges in managing its inventory levels efficiently or experiencing slowing sales.
As of December 31, 2024, the DOH decreased to 41.43 days but remained elevated compared to the earlier years, indicating a continuing need for the company to focus on optimizing its inventory management processes to improve liquidity and operational efficiency.
Peer comparison
Dec 31, 2024
See also:
Linde plc Ordinary Shares Average Inventory Processing Period