ODP Corp (ODP)
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 | 5.04 | 4.85 | 4.73 | 5.14 | 7.50 | 6.97 | 6.39 | 7.57 | 7.88 | 8.05 | 7.45 | 7.95 | 8.43 | 7.72 | 7.92 | 8.54 | 7.79 | 7.87 | 7.34 | 7.89 | |
| DOH | days | 72.41 | 75.31 | 77.19 | 71.05 | 48.70 | 52.38 | 57.11 | 48.23 | 46.33 | 45.32 | 48.98 | 45.92 | 43.31 | 47.29 | 46.11 | 42.73 | 46.87 | 46.41 | 49.71 | 46.26 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.04
= 72.41
The Days of Inventory on Hand (DOH) for ODP Corp have shown fluctuations over the past few quarters.
In the most recent quarter ending December 31, 2023, ODP Corp had 72.41 days of inventory on hand, a slight decrease compared to the previous quarter's 75.31 days. Despite this decrease, the DOH remains relatively high compared to historical levels.
Looking back over the past few years, there is a noticeable trend of increasing DOH, especially evident from the low of 42.73 days on March 31, 2020, to the current level. This suggests that ODP Corp may be experiencing challenges in managing its inventory efficiently, potentially leading to higher carrying costs and inventory obsolescence risks.
It is important for ODP Corp to closely monitor and manage its inventory levels to optimize working capital utilization and improve overall operational efficiency. High DOH can tie up valuable capital that could be used more effectively elsewhere in the business. Regular review and adjustment of inventory management practices may help ODP Corp reduce its DOH and improve its overall financial performance.
Peer comparison
Dec 31, 2023