Lumen Technologies Inc (LUMN)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		166.63	88.43	161.64	215.15	301.37
DOH	days	2.19	4.13	2.26	1.70	1.21

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 166.63
= 2.19

The days of inventory on hand (DOH) for Lumen Technologies Inc has shown a fluctuating trend over the past five years. The DOH increased from 3.80 days in 2019 to 4.29 days in 2020, indicating a slight increase in the time it takes to sell inventory. Subsequently, in 2021, there was a significant jump in DOH to 4.13 days, suggesting a slower turnover of inventory compared to the previous year.

However, in 2022 and 2023, there was a further increase in DOH to 10.95 days and 10.68 days, respectively. This upward trend indicates a substantial increase in the time it takes for Lumen Technologies to convert its inventory into sales. A higher DOH level may point to excess inventory or difficulties in selling products efficiently.

Overall, the increasing trend in DOH for Lumen Technologies Inc over the years implies the need for closer monitoring of inventory management practices to potentially improve efficiency and liquidity in the future.