ODP Corp (ODP)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 10.13 | 10.13 | 9.74 | 11.05 | 10.30 | |
| DOH | days | 36.05 | 36.05 | 37.46 | 33.04 | 35.42 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 10.13
= 36.05
DOH for ODP Corp has ranged from 33.04 to 37.46 days over the past five years. The trend shows relatively stable inventory management practices, with a slight increase in DOH in 2021. This suggests that ODP Corp has maintained a consistent level of inventory relative to its sales volume. The company holds its inventory for about 36 days on average, indicating efficient control over its inventory levels. Overall, the company's DOH provides insight into its inventory turnover efficiency and working capital management.
Peer comparison
Dec 31, 2023
Company name
Symbol
DOH
ODP Corp
ODP
36.05
Academy Sports Outdoors Inc
ASO
79.40
Dick’s Sporting Goods Inc
DKS
85.95