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.