O-I Glass Inc (OI)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 5.70 | 5.24 | 7.30 | 7.14 | 6.85 | |
| DOH | days | 64.07 | 69.69 | 50.02 | 51.11 | 53.26 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.70
= 64.07
The days of inventory on hand (DOH) for O-I Glass Inc decreased from 53.26 days as of December 31, 2020, to 51.11 days by December 31, 2021. This downward trend continued as the DOH further reduced to 50.02 days by the end of 2022. However, there was a notable increase in DOH to 69.69 days by December 31, 2023, followed by a slight decrease to 64.07 days as of December 31, 2024. Overall, the company's inventory management improved initially but saw a significant increase in inventory holding days in 2023 before a minor improvement in 2024. It is essential for O-I Glass Inc to carefully monitor and manage its inventory levels to optimize efficiency and cost control.