Nucor Corp (NUE)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.15 | 5.73 | 4.54 | 5.21 | 5.41 | |
| DOH | days | 70.89 | 63.71 | 80.39 | 70.00 | 67.51 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.15
= 70.89
The Days of Inventory on Hand (DOH) for Nucor Corp. have shown fluctuations over the past five years. In 2023, the DOH is 75.69 days, which indicates the company held inventory for an average of approximately 75.69 days before selling it. This is an increase compared to 2022 when the DOH was 68.62 days.
In 2021, the DOH spiked to 86.18 days, suggesting that the company held inventory for a longer period before it was sold. However, this metric decreased in 2022 and then again in 2023.
Overall, the trend in DOH for Nucor Corp. shows variability in inventory management efficiency over the years, with fluctuations that may indicate changes in sales patterns, production levels, or inventory control measures. It is important for the company to monitor and manage this metric effectively to optimize inventory levels and working capital efficiency.
Peer comparison
Dec 31, 2023