Nucor Corp (NUE)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.90 | 5.28 | 5.06 | 5.22 | 5.41 | 4.93 | 4.41 | 4.43 | 4.33 | 4.11 | 3.98 | 4.24 | 5.07 | 5.62 | 5.57 | 5.15 | 5.25 | 5.01 | 4.91 | 4.75 | |
| DOH | days | 74.53 | 69.11 | 72.11 | 69.94 | 67.47 | 74.11 | 82.73 | 82.44 | 84.35 | 88.83 | 91.73 | 86.09 | 72.03 | 64.98 | 65.55 | 70.89 | 69.56 | 72.88 | 74.35 | 76.78 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.90
= 74.53
To analyze Nucor Corp.'s days of inventory on hand (DOH) based on the provided data, we observe a fluctuation in the DOH metric over the past eight quarters.
In Q4 2023, Nucor had an inventory turnover period of 75.69 days, which increased compared to the prior quarter (Q3 2023) at 70.36 days. The DOH for Q4 2023 is also higher than that of Q4 2022, indicating a longer period of holding inventory in 2023 compared to the previous year.
During the quarters of 2022, the DOH ranged from 68.62 days to 84.34 days, with noticeable fluctuations. The most prolonged inventory holding period was observed in Q2 2022 and Q1 2022 at 84.34 days and 84.12 days, respectively.
The variation in the DOH metric suggests potential shifts in inventory management practices or changes in demand patterns for Nucor Corp. It is essential for the company to assess the reasons behind these fluctuations to optimize inventory levels and enhance operational efficiency.
Peer comparison
Dec 31, 2023