Norfolk Southern Corporation (NSC)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 15.36 | 16.34 | 15.11 | 13.73 | 15.60 | |
| DOH | days | 23.76 | 22.34 | 24.15 | 26.58 | 23.40 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 15.36
= 23.76
The days of inventory on hand (DOH) measure how many days, on average, a company holds inventory before selling it. A lower DOH indicates a more efficient inventory management system.
Unfortunately, the data provided does not offer specific values for the DOH for Norfolk Southern Corp. across the years 2019 to 2023. Without this information, it is challenging to analyze the trend in the company's inventory management efficiency over time.
It would be beneficial to obtain the DOH figures for these years to conduct a thorough analysis and assess Norfolk Southern Corp.'s inventory management performance in terms of turnover and potential efficiency improvements.
Peer comparison
Dec 31, 2023
See also:
Norfolk Southern Corporation Average Inventory Processing Period