NewMarket Corporation (NEU)
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 | 3.76 | 3.59 | 3.86 | 3.85 | 4.22 | 3.90 | 3.81 | 3.75 | 3.36 | 3.53 | 3.82 | 3.65 | 3.63 | 3.58 | 3.45 | 3.48 | 3.53 | 3.86 | 4.16 | 4.19 | |
| DOH | days | 97.08 | 101.63 | 94.45 | 94.74 | 86.47 | 93.62 | 95.91 | 97.40 | 108.48 | 103.37 | 95.45 | 100.10 | 100.62 | 101.92 | 105.94 | 104.96 | 103.38 | 94.47 | 87.70 | 87.07 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.76
= 97.08
The days of inventory on hand (DOH) for NewMarket Corporation have shown some fluctuations over the reported periods. The DOH ranged from a low of 86.47 days on December 31, 2023, to a high of 108.48 days on December 31, 2022.
On average, NewMarket Corporation has maintained its inventory for around 95 to 100 days during the analyzed periods. The trends suggest that the company has somewhat effectively managed its inventory levels to ensure efficient utilization and turnover of its inventory.
It is important to note that DOH can vary by industry and company size, so NewMarket Corporation's DOH should be analyzed in comparison to industry benchmarks and historical performance to assess the effectiveness of its inventory management practices. Overall, the company appears to have a stable inventory management strategy, but further analysis and benchmarking would provide a more comprehensive evaluation of its inventory efficiency.
Peer comparison
Dec 31, 2024