ODP Corp (ODP)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 7.20 | 7.45 | 7.43 | 8.05 | 7.93 | 8.08 | 7.73 | 8.29 | 8.02 | 7.41 | 6.80 | 7.84 | 8.07 | 8.46 | 7.72 | 7.87 | 8.15 | 7.72 | 7.85 | 8.77 | |
| DOH | days | 50.69 | 48.99 | 49.12 | 45.35 | 46.04 | 45.20 | 47.19 | 44.02 | 45.49 | 49.27 | 53.68 | 46.53 | 45.24 | 43.16 | 47.29 | 46.36 | 44.79 | 47.26 | 46.49 | 41.60 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 7.20
= 50.69
The days of inventory on hand (DOH) for ODP Corp have shown some fluctuations over the analyzed period.
The DOH started at 41.60 days on March 31, 2020, and increased slightly to 46.49 days by June 30, 2020, indicating that the company might be holding onto its inventory for a longer period. By September 30, 2020, the DOH rose further to 47.26 days and then decreased to 44.79 days by the end of December 2020.
In the following quarters, the DOH exhibited some variability, fluctuating between 43 and 53 days. Notably, the DOH reached its peak at 53.68 days on June 30, 2022, suggesting a longer time to sell off inventory. However, the DOH decreased to 45.35 days by March 31, 2024, indicating some improvement in inventory management efficiency.
Overall, ODP Corp's DOH has shown fluctuations within a range of approximately 41 to 53 days, indicating that the company may have experienced challenges in effectively managing its inventory levels and turnover. Further analysis of the reasons behind these fluctuations would be necessary to provide insights into the company's inventory management practices and operational efficiency.
Peer comparison
Dec 31, 2024